noglider 

I haven't done exactly that. I have used antique bottle dynamos and connected them to modern lights. I believe they make more power than the old Dynohubs. I think the hubs put out about 1.8 watts. That may not be a deal breaker if you don't require the lights to come on fully at low speed. Modern lights are super energy efficient, so it may not be bad at all. I say try it and report back!