The OP lives in CO and has wheels with 48 spoke Phil Wood hubs, so I doubt he'll be ditching them anytime soon. Being they are PW hubs though .... he could get a 135mm axle for it, spread his frame .... and he'd be able to use a 13-32 7sp FW. He would not need to redish the wheel... but I'm not positive the end caps for the PW axles are the same for a 126 and 135mm hub.... something PW would know.