I actually decided on the Surly front rack. This has various options to hang my panniers. Plus it has a mounting point up front for my dynamo powered light.
Hopefully I can get it all set up at this weekend. Still need to get my rear wheel re-spoked.
Right now I am using my backup bike which is a 1980s 3-speed Gazelle and I am using my backrollers on a Soma front rack. I can hang them so that the bottom of the panniers almost line up with the hub. So I have plenty of room underneath.