Krispistoferson,

Make the upgrade to a cassette freehub. The Phil seems hideously priced at $360. Any reason you wouldn't consider other high-end cassette hubs?

Whatever works for you but like HillRider says, you could end up using this hub down the road (no pun intended) on other bikes - why not invest in something that gives you a bunch of other options? An 8-speed cassette is durable and you can get cassettes with 11-34T (if you want that kind of range) or customize your own cassettes right down to a corncob.

A Deore XT rear cassette freehub runs about $70. An Ultegra (130mm spacing if 135mm is a problem) runs about $100 and, to my mind, would be a long term investment. Is the Phil worth it to you? That might be a question for a different thread.