maxo wrote:

First thing to do is contact the Phil Wood company--they're truly
amazing--and find out what to do. Perhaps the hubs are quite
salvageable,
perhaps not. If it's just a shot cartridge bearing or axle--that's
relatively cheap and easy. Your shop may be trustworthy, but not as
familiar with the particulars of Phil's hubs as you think. Worth a
shot
getting a second opinion, and would probably help if you can send or
post
some digital images to go along with your query.

Excellent advice, thanks. I'll see what Phil Wood might have to say.

Building a new wheel around a fresh Phil Hub is going to cost a
pretty
penny (you'll get a damn fine wheel in return of course) but perhaps
it's
time to take stock and see if that money would be better invested
towards
a more basic wheelset or new bike, or if sentimental value trumps
all...just go for it.

I'm very nostalgic about the frame, perhaps foolishly, but I recognize
that things have changed during the past thirty years. This is
something I'll have to consider carefully.
Thanks very much!

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Let us know how it goes.