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Thanks - I think I have some old high flange 120 wheels with 4sp block on them, that I could get them laced to ^ rims. That tractor comparison made me chuckle - I intend to ride it long and slow anyhow, as there are other, more thoroughbred rides in my stable for throwing round the corners. Size wise this is perfect for me at 56.
Re fixed/fixed, have seen and read about people using freewheel on fixed threads, not sure if that is a good idea, but plenty have said no problems on theirs...
Any older hub should have that OLD. I had some Airlite's (all be it double fixed) built into Kinlin's ADHN 700c's in Silver and they ride nicely and the rims themselves aren't too costly. Only issue was finding the 40 hole drilling rim, (it was in the middle of all those supply issues last few years) but I think you can get the again now. Hubjub sells them I think, as do others.
They're not the lightest rim, but then on bikes this age that's not generally the main consideration. Lovely bike by the way. I had a 30's Russ in the past, rode like a tractor but was certainly an enjoyable experience and was a lovely frame , just too small sadly. (The frame angles were so relaxed you had to think about turning a corner about 50 feet in before you actually got to it, else you'd never get round it!)