Join Date: Nov 2006
Location: NJ, NYC, LI
Bikes: 1940s Fothergill, 1959 Allegro Special, 1963? Claud Butler Olympic Sprint, Lambert 'Clubman', 1974 Fuji "the Ace", 1976 Holdsworth 650b conversion rando bike, 1983 Trek 720 tourer, 1984 Counterpoint Opus II, 1993 Basso Gap, 2010 Downtube 8h, and...
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I know, it's your money and your storage space, so I shouldn't be so cavalier.
But as you say, the cranks make it worth the gamble. I've seen excellent hubs with chromed steel barrels and aluminum flanges, though not of the proportions you describe; still, could be very nice.