Originally Posted by
juls
You are right-I've never seen a freewheel with a lock ring (EXCEPT MAILLARD) That is a freehub.
You've never been to my bike co-op, we had about 5 of them kicking around at one point. Fairly new, fairly cheap ones as I recall.
To the OP. That is a freewheel doing a darn good impression of a freehub, but it's still a freewheel. It's certainly rather confusing.