If you choose to give me the "Old PaulD race bike" I will make some basic improvements and maintenance to make sure it's in as good a condition as possible for future racing. I will bring it to all the races I can possibly attend. For racing success I will likely call on smaller and more experienced friends to ride- maybe guys from the forum too. If I feel confident of my skills I'll ride it too. I'll probably use it for my work commute some of the time (totally secure on both ends) to put miles on it and work out the kinks.
As for work on the bike-- off the top of my head I would say, in order of priority this would include ironing out commutation sensing issues 100%- with internal hall sensors, or optical sensors, whatever it'll take. I think it would be cool to build some forced air cooling on that outrunner motor- I imagine machining a new fixed end-cap for the motor with ducting and mounting for a hobbyking electric ducted fan or two built in. I think that would kick ass. Aside from those things it's all little stuff- clean/lube/check all the parts, set up the wiring as best as I know how to avoid problems in operation. Build a decent battery pack with hobbyking LiPo packs, set up a good charging system- Maybe sometime think about a better copper fill wind on the motor, or extra performance hacking on the controller in the future.
As for why me? Why do I deserve it? I am not a long time forum contributor, or endless-sphere legend. I'm pretty new to the forum, though I have been working with EVs for significantly longer. It really comes down to my belief that I will do right by the bike, as well as anyone else could, and that I understand the spirit in which you're giving it away and will do right by that too. I've wanted to build a bike for a long time now- and while I have the machining and welding skills, access to tools and materials, attention to detail and some engineering experience and knowledge that would require, I've been scared away by all the questions I don't have the experience to answer. Head tube angles- rake/trail- chain lines- clearance- frame ergonomics- suspension design- component choice... I think that the experience I would gain working with your old bike would help me get the answers and confidence about some of these things to be able to tackle a build of my own much sooner than without. And once I've done that I would be thrilled to be able to pass on a bike to another less experienced but promising person- "pay it forward" or "reinvest".
Finally- I'm 100% committed to documenting and supporting whatever I do with the bike on E-S. Like I said, I'm not a star contributor, but I try to comment when I really have something to say, and make it count. I've maintained a personal website for the last few years that you can take a look at to see the sort of care I will take to document the bike in the future, on E-S.