That is not what a Raleigh Sports was about...these were designed to provide solid, dependable transportation for the British public, at a time when only the upper classes had motorcars.
Modern steel rims, cranks, etc are of low quality, because they are aimed at the cheapest possible price point.
From the mid 19th century, well into the 20th, the word "steel" was magic in Britain.
Britain's rise to an industrial superpower on the crest of the Industrial Revolution was based, as much as anything else, on the steel industry and the new technologies it made possible: steel ships, steel bridges, steel buildings..steel bicycles.
Raleigh originally introduced the slogan "The All Steel Bicycle" to differentiate Raleighs from competitors who used cast iron for some critical parts, a heavier and cruder technology.
For many years, in many parts of the world, the Raleigh "Sports" three-speed bicycle was considered the ultimate in human-powered transportation.
These bicycles were not toys, and, despite the model name, they were not sporting equipment..were serious vehicles.
The men and women who built them, by and large, also rode them, as their primary means of transportation.
Most modern bicycles are designed with the primary intent to catch your eye on the sales floor, and persuade you to buy.
The mystique of steel caused the British cycle industry to be slow to adopt newfangled materials such as aluminum, and many British cyclists believed, even well into the 1960's, that steel rims, for instance, were superior to aluminum ones.
These days, this seems laughable..if you look at an older Dunlop steel rim, you'll find a very respectable, well-made product.
The fact that Raleigh 3-speeds are made of steel shouldn't fool you into thinking that these bikes were cheap or inferior in any way..were not..were the finest utility bicycles money could buy.