You need a 27.2 mm seat post.
The PK Ripper Looptail uses a standard 1 1/8" threadless headset. Not integrated. Not internal. Press in cups. Read this:
http://www.danscomp.com/serve.php?serve=pr...eadsetchart.htmAny of the headsets on this page will work:
http://www.danscomp.com/products.php?cat=P...EADSETSSTANDARD(Not that I am promoting Dan's per say, this is just an easy reference page.)
Without a doubt, Chris King makes the nicest headsets but they are super expensive. Personally, I always used FSA and never had any problems with them. Cane Creek comes as a stock headset on many brands of complete bikes.
The drive bolt is a compression device. It pulls the stem down to tighten the headset. It replaces the star nut that comes with headsets. Often the star nut doesn't bite into the cromoly steerer tube and it slides inside the fork. When this happens, your headset will come loose. The Drive bolt sticks through the bottom of the fork and can not slip. It doesn't keep the stem from crushing the steerer tube.
Actually, you don't even have to clamp the stem that tightly to hold everything in place. The clamp on system works about a million times better than the old school quilled stem. You should never crush a steerer tube. Also, once you have adjusted your headset to proper tightness and clamped the stem onto the fork, you don't even need the compression device.
Sorry about the extended lecture. Hope it helps.