How can you speed a road-bike up?
Gabe,  If you love the frame, and are willing to spend the money to keep it, start upgrading everything else.  Start with:

Wheels/tires - rotating mass will slow you down the most - go to aluminum wheels and thin/light tires size 23 or 25.

Bottom Crank - Once again rotating mass, you can get some hollow core cranks, and adjust the chainring sizes to the biggest you can push.  You can save a few grams by going to a compact crank versus a triple.

Shifters/derailleur(s) - get some aero shifters/brakes, and upgrade to a lighter front/rear derailleur.

Seat post, handlebars, stem - On an old raleigh, they are probably steel - you can get inexpensive aluminum replacements.

Seat - get rid of the OG heavy seat and get something more comfortable and lighter.

From expensive and most effective, to least expensive/effective, thats the list off the top of my head.

Good luck on your decision, and keep those old Raleighs going, they are great bikes :)