Part of working on and riding old bikes is getting a feel for your preferred frame and wheel size.
I like 26 inch wheels (as on the Raleigh Sports/Schwinn New World) and 28 inch wheels (as on the Raleigh DL-1 and similar). For frames, I like a 22-24 inch frame on 26 inch wheels and a 22-23 inch frame on 28 inch wheels.
With that in mind, I may be selling my 21-inch pre-war New World bikes. I have one complete bike and one project that is partially assembled. As nice as these bikes are, I think I just prefer the 22-23 inch frame size better than the smaller 21 inch with 26 inch wheels.
It can be helpful to focus on fit in developing a vintage bike collection.
(See my previous article on frame sizes).