27" tires have an internal bead diameter of 630 mm while a 700C tire has an internal measurement of 622 mm.
the Schwinn le tour II may require a 27 in. rim with a short reach caliper brake and low profile tire. that is sport touring light and fast, but i like to think i'm a randonneur.
update: got the original specs from bikepedia
if this is a '95 then it gets 700c wheels,
will it be totally wrong to have a 27" on a chrome fork up front and a 700c in the rear?, there was a problem with the original fork and headset stack height, newer vs. older styles of headsets, and i have a nice 27" hand built wheel that i like.