Thanks for the feed back fellas! I like the idea of keeping the original cluster, so I am going to try to find a place in san diego that rebuilds tachs, but I am not really in that much of a hurry because it is not completely necassary to ride it. I am going to give the bobbins a cleaning to see if it takes care of the braking issue.
Found a video on youtube about bobbin cleaning at
http://www.youtube.com/watch?v=1qoPqN2GBdw.
This guys bike looks crazy with chains hanging off all over the place. Kinda wasteful and unnecessary, but who am I to judge?
I will post after I clean the bobbins