That is an interesting piece of work!
reminds me of some of
Spernicellis builds, like this Gira:
or this Alan:
nothing for purists though, he he
(I'm sure the Spernicellis are "on a budget" too, the diference most likely will be its size)
btw, theres a german company, "Weltrad", who offers a "halfracer":
http://www.weltrad.de/index.php?cat=halbrenner&