Can we all calm down a bit and talk about bicycles?
Thank you.
Now, your plan is a good one bigjim. I dunnit and it's done the trick. And I applaud your wanting to DIY - not just for financial reasons. And you can do it. Here are the steps/problems you're likely to run into:
The easy bit: get yourself a new Shimano freewheel off
ebay - something like
this would be fine. That's £8. Also get yourself a Shimano freewheel remover, like
this. There goes another fiver, but you'll have it for ever. Coventional wisdom says if you're changing your freewheel, you should also change your chain. I would. I just bought one of
these. Haven't fitted it yet, but I'm sure it'll be fine. (If you haven't got one, you'll also need a
chain-splitter. Double up with the chain and save on p&p.)
Ok, so that's your bits.
Now, your remover will probably remove your old freewheel (if it's a Shimano...and it probably is. If not, get your LBS to do it - they won't charge, and you can buy a tube while you're there to say thanks.) As others have said, tho', it can be a bugger of a job. I recommend a big spanner and a bigger hammer.
When you've got it off, put it on a flat surface and put your new one next to it. Are they the same height? If so, congratulate yourself on your good fortune. If not, you will have to move your cones slightly along the axle to accommodate the wider block, and redish your wheel (Mickle's 'bit of tweaking (respace the hub a few mm, pull the rim over to compensate'). It's not as bad as it sounds - takes 15 minutes if you keep a clear head and Don't Panic.
Then you'll need to adjust the 'L & H' screws on your gear mech for the new spacing. And that's it.
So, about £20 all in, and a couple of hours. I'd say it's worth doing - not just for the bigger big ring, but for the closer spacing in the mid range. But it's a job, don't let anyone tell you otherwise.