i don't see any problems with the MKS track pedals - i've been using them for years with no problems, hot spots, or soreness.
houseoftrack.com has mks sylvan track pedals for $18, mks clips for $10 and currently no cheap straps, but they'll be getting them in soon. free shipping, too.
anyway, as stated above the "suicide hub" conversion is not a good idea if you plan to skid or skip stop or ride brakeless. $105 for on a new IRO rear wheel is money well spent. you don't want to strip the threads on your hub while riding in traffic.