Thanks for the encouragement guys.
A bit of background... I have way too many spares after a lifetime of dismantling Lambrettas. A friend commented that I could build several scooters with what I have in my shed and that planted a seed... I just needed some frames.
I came across this one in the possession of a dealer down in WSM, famous for his NOS. I had some rare stuff he wanted (no he doesn't have everything) so a trade was done. It is one of the nicest frames I've come across, it has not been messed with, nice and straight and free from corrosion. Dean Stradling checked it on his jig but it needed nothing. Having said that, its not going to be a trailer queen. I'm building it to ride it and so I will be pragmatic when I have to be.
The way I do my scooters is first to build some sub assemblies. The engine, forks, front disc and seat have all been reconditioned and are ready to bolt on. Although I prefer to assemble the headset on the bike... I don't know why but I always do.
So my fitting order is rear badge holder (why this is first I don't know but it is, and I'm not the only one to do this) stand, rear mudguard, rear light unit, rear seat catch, rack.

Next to be fitted is the engine. I do this by sitting the engine (back wheel fitted) on the floor, and then dropping the frame over it. The frame is lighter and easier to move around... engine bolt in, rear shock on and stand it up.

The engine case is an unstamped NOS early S3 case and it is fitted with an RT195 kit. 110mm Yamaha rod on SIL webs. I was tempted to use an original TV175 barrel but I'm at the start of running in an iron barrel on another bike and I couldn't bear running in two iron barrels at the same time.
The frame came with a couple of components fitted including the rear mudguard. I'm leaving this as original paint as a sort of reminder, and I'm re-using the original nuts and bolts. I figure they have all been together for 60 years, be a shame to split them up now.