Gillstay
Veteran
Thank you for the replies, reflecting on them I think I have clarified in my mind what is happening.
If the bike repaired itself I would continue to enjoy riding it. I think that the frame is sound, if that was not the case from my understanding it is time to replace. In the long view it is cheaper to ride this than to run the car every day even if I pay for an artisan to build me some nice wheels.
This thread has clarified that I want to replace the wheels, but not how I want to go about it.
It also has made me realise that I have two other rides that need some workshop time and it is this that I am putting off.
I would still just buy a set of wheels second hand, with the hubs you want. I bet you can get a good set for £200 if you look around for a bit.