I don't even remember the name of Raleigh's 5-speed. Guess we just called it the 5-speed, since they only made one model of 5-speed. Ask your LBS if it might need a longer chain. The derailleur looks too far forward to me (that may or may not matter). Try to get in the habit of NOT using the brake lever extensions in the center of the handlebars - they are not safe to use at speed. Your LBS could remove them if you ask.