Just wanted to confirm I did have the brake pads pointing in the right direction (it was pure luck) so I won't be shooting projectiles from the front brakes while going downhill towards a fireworks factory (refer to The Naked Gun 2 1/2 if you need a visual).
Thanks again for all of your help. My next project is to replace the twist shifter (for the internal gear hub) with a finger trigger style, so I'm sure I'll be back looking for guidance.
Have a great weekend!