Just ordered some tools Crank puller, BB socket, and spanner wrench (had to give back my bro-in-law's tool kit) I'm gonna pull the cranks and double-check that the spindle is indeed 107. There is a possibility that it's not. I bought when I was in the city at a local bike shop and they hauled out a tray of 73mm bottom brackets, all of which look like they had been opened at one time or another. So that's my next trick. Will post back with results.

Just to check that I'm clear in my thinking: If the crankset says it's designed for a 107 spindle on a bike with a 120mm rear spacing and my bike does indeed have a 120mm rear spacing, the shell width shouldn't make a spit's lick of difference on the chain line should it?

Starting to feel like I'm beating a dead horse and I just don't want to admit defeat

On that note, how hard is re-dishing a wheel w/out a wheel stand? I think that's my last option. I just need to gauge if it is worth the time.