Thanks for the input (yet again)
I don't really know why I bought it, I think it was a spur of the moment eBay thing (eBay is as bad as tele-shopping)
However, it’s coming and I'll have to deal with it when it gets here. Worst comes to the worst it will go back up on eBay (uk) and I'll get most of my money back.
So far the taking the bits party, buying things I don't need and reading bits and pieces has been interesting, I hope that it's a learning process (make mistakes now....)
I am happy that I've decided not to try and paint the frame myself, I think the money it has saved me in the long run will help to dampen the price of the freewheel.