Well I bought the bike about 2 years ago, and have been going at restoring it intermittently for a while now.
The PO had it somewhat running when I got it but there where a lot of bugs and gremlins on it so i bit the bullet and took it apart.
On the spacer part, the hub didn't have yesterday I took it apart. The wheel ran kinda askew, but I thought it was just alignment issues with the fork clamps. I really had no idea it was missing, and yes, like you mentioned the inside of the hub was full a grime and other things. I actually rode the bike a few hundred kilometers like that.
so if you could post pictures of it that it would be wonderful! Thanks a lot.