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I've got the SP hub, no problems so far and it was easy to build up. One thing to watch out for is that you get the right version, you need the 74mm OLD SV8 model with the 7.9mm axle (the link below shows both types of SV8).
http://www.ison-distribution.com/english/product.php?part=HUSPS72S
Works really well with my Edelux Mk1.
Dynamo options are Shimano, SP, Schmidt or Schmidt XS, I would consider that in reverse order the best options. The Shimano has some serious resistance and I would personally go for the SP because I couldnt afford the Schmidt!