Once you pay for all the spacers you are half way to a cheap threaded hub. i woul get a single specific hub or find and build up an old freewheel hub. 2-1 is not a bad start but be ready to get another freewheel.
NOTE: Make sure the freewheel uses the four dog removal tool. The two point tool is getting more rare all the time and is not nearly as strong.
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I am in the woods and I have gone crazy.