126mm freehubs are long gone. Even my 1986 Raleigh had 130mm spacing and that's with a 7 speed freehub.
Definitely like hens teeth for originals. With a freewheel you can always adust the OLN by swapping spacers/axles out if you have the parts. I bought a new wheelset from a LBS a couple of years back and he removed a couple of washers to get it right - although the axle itself needed a couple of MM removing from each end to ensure the QR would work.
No reason not to put old hubs onto new rims though and keep it working that way.