Hugh has plans for a very effective 4 ft, 3 blade machine using a single rotor pm alternator.
I would not use the steel laminate approach for any small machine, you really can't justify the iron loss unless you are in a high wind area.
You can do it as a dual rotor design with smaller magnets, but unless you find a competitive source of other magnets it may work out cheaper to use the 8 magnets and single rotor as Hugh did.
I don't share your enthusiasm for your bicycle bits, but that is a personal preference. I don't think the spindle is strong enough when supported at one end and it would be a messy thing to support both ends.
Don't be too put off by my preferences, I would rather machine up a hub than spend time trying to find something suitable. If you have to find something, then I think a small trailer ( boat trolley) hub would be a good choice.
If you use this approach then use decent size discs. Messing about with little discs and coils is a sure way to get a poor result.
For small machines the air gap alternator is by far the best method.
Flux