Well, it pays to look, doesn't it?! Sturmey Archer's 8-speed hub comes in a 120mm OLN. Now, it's not my cup of tea, what with direct drive being gear 1 and all that, but the bloke who's paying for the bike is happy with that.
I have another frame at the back of the garage that needs similar teatment, so I shall dig it out when needed and work out the pros and cons of the threaded rod & plank methods before going to town on it, figuratively before literally, so to speak.
Thanks for all the tips.