I've used modern Shimano and Sunrace freewheels and as others have said they work well, are cheap, and shift better than old freewheels because of the ramps and shaped teeth. I have had problems with modern freewheels, but the common factor in every case was that I only had issues after the freewheels were used for an extended period of time for winter commuting duty - I'm not sure whether the issue is with the factory grease or something in the design, but whatever it is doesn't seem to matter unless you plan to do a lot of riding in sub-freezing conditions through snow and ice.
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