Thanks!
To be honest, the bike really is only half done. I still have a long way to go with it (paint job, rebuilding the wheels and brakes, engine rebuild....)
Anyway, I used a 650 wheel because I wanted a wider rim, and at the time didn't have the facilities (apartment then) to rebuild a wheel. The 650 came stock with a 2.5" wide rim (the 750 didn't), and I
thought the same hub, so I got lucky on Ebay and found one in good condition with a good tire that I could use (the 650 wheels, and actually most 650 parts, seem to be fairly cheap compared to 750 stuff, and even 550 stuff now...) I was a little surprised to find the backing plate from a 550 won't work though, the lip on the hub is different, so eventually (when I rebuild the wheels) I'm going back to a 550 hub because I like the look of the 550 brake plate better (and it willl look better drilled).
First off, the 650 hub
is the same size as a 550, in fact, it uses the same brake pads.So if you're looking for a larger hub, this isn't it.
Second, the bearing locations are different and the backing plate has a different width because its cosmetically different from a 550, so it does have spacer issues. That being said, I solved my spacer issue with a couple of steel collets from the harware store...