My take is this: There are two school of thoughts. People who have the money and people who are restricted in terms of budget.
The dude with the money would go for a high-end bike, no need to do anything and enjoy years of run with the bike.
When you are restricted in terms of budget, you try and improvise the bike and hope for better performance.
As long as your modification won't cause injury or death, I think its acceptable.
BUT, looking from the practical point of view, like I said earlier: A bike is as good as its rider. If you pour your entire life savings to modify your Raleigh Ugo into a Super-Ugo, and the cost for doing so is similar to the retail price of a high-end bike, then you are penny wise and pound foolish. Again, this is a subjective matter where no one is right or wrong... Which brings us back to the fundamentals of wise spending..
So, my parting shot is: enjoy the bike, ride it hard and never forget to have fun...
Sam
I think everyone should go ahead and do what they like - rite ... its their bike and their money end of they day ... unless the dude come and ask you for a loan la hahaha
most important thing is ride ... u buy 500, 1k or 5k or even 10k bike, but if dont ride no use rite ... defeats the purpose ...