velomaniac":2z3uyof0 said:The 78mm BB axle can be got around. Check out the bodges used to modify Raleigh Twenty's.
http://www.raleightwenty.webs.com/
For brakes there are screw on Tandem style drum brakes which you could fit to a flip flop hub if your not dead set on hub gears although you could go gearbox style and mount hub gear somewhere else on the frame connected to rear hub by chain. SJS cycles stock SA hubs with 22T sprockets bolted to the hub flange for similar applications.