I did not drop off the frame today to take the previous points into consideration. To be honest, I think a bike rack would be beneficial. There may be situations where I use the bike around campus outside of my short commute with materials to carry. I'm going to see if I can locate a rear basket style that saddles the wheel on the cheap. I have no problem though clamping to the frame, or drilling and tapping for the components, but wont be doing any welding personally. Trying not to farm out any more services either to keep within budget.
I don't think I'll reassemble it however, since I can get a good idea of what needs to be drilled and where without actually riding the bike. I doubt that will change much once the bike is complete. I mean, a bike rack is going to go where a bike rack goes, and there's plenty of room in the triangle to mount the battery and controller. There aren't any spots on the frame that look to accommodate a rear fender or basket. The only other areas on the frame that look to be set up to host a mount are the two sets of nubs for, what I imagine, are a water bottle holder above the Schwinn logo and opposite it on the inside of the frame. I'll probably grind them both down in the end anyways to accommodate the battery mounting flush to the frame and other components. Doubt they are conveniently positioned for anything other than their intended purpose.
Ideally, a rear twin basket would be perfect, such as this one:
https://www.amazon.com/Wald-Rear-Bicycle-Carrier-Basket/dp/B001EL7P34/ref=sr_1_1?keywords=bike+rear+twin+basket&qid=1559153179&s=sporting-goods&sr=1-1
Even better would be this one, which has the added benefit of transporting smaller items without the threat of loss during transport:
https://www.amazon.com/Bushwhacker-Omaha-Bicycle-Grocery-Accessories/dp/B00B4ZKZK0/ref=asc_df_B00B4ZKZK0/?tag=hyprod-20&linkCode=df0&hvadid=312144750238&hvpos=1o1&hvnetw=g&hvrand=5952006780169437110&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1013950&hvtargid=pla-523944087001&psc=1
Could just line the wire basket however with fabric shopping bags (which I have tons of) and save $20.
In regards to the batteries, I am very familiar with Lipo's, and have had two flame up on me over the last 10 years. I treat them with nothing but respect and store them appropriately in my garage. I use LiFe packs on receivers in my models as they're better suited in regards to voltage and safety. I have NO interest in messing with LTO on this project. I'm familiar with them and it's far more involved than using the already available LiPo packs in regards to assembly, packaging, and the BMS setup.