Test-fitted a Falcon 5-speed unit a from a LBS as it was the only one in stock. It felt just "OKAY" spinning in hand, but once fitted to the wheel, the amplified bearing contact sound was atrocious.
Opted and purchased an IRD freewheel. THIS thing is SHWEET! Super smooth, whisper quiet, sealed and of quality construction! Shifts like a dream coupled up to my Huret Jubilee DR.
Reference photo only. I got the matching 5-speed offering.
http://www.interlocracing.com/freewheels_steel.html
Purchased a 13-24 from...
http://www.bilenky.com/store/scripts...p?idproduct=72