Hi triplethreat,
I have the standard setup on the plunger, non chromed stanchions, standard solo springs. Working extremely well. Just spray the exposed stanchion parts with oil from time to time to prevent surface rust.
I think that if you wish to use the 7'' hub, depending if it's a hub with a strap, you could grind off the notch on the slider and fix the strap to the mudguard bracket?