The paint isn't a big deal to me as I will be repainting, or powder coating the frame and applying some vintage decals. I'm thinking from an ongoing cost perspective it might be better just to tap to Italian and use spacers. The Phil Wood stuff is nice, but much pricier than I thought, and requires special dust caps. Plus I'd have to figure out where to buy it. I'll message him, but I'm assuming the bottom bracket cost more than the crankset I have lying around.
I've found solutions for most of the other issues I'm having, Velo Orange makes a French Headset and another company makes a French quill stem adapter so I can use modern alloy bars which is nice. As for the derailleur hanger I still need to find a solution for that. Anyone have any suggestions about where I could get a hold of one? I kept the old Simplex hanger and was thinking I might just be able to replace the rear nut?