no front brake? i'm a worry wart. i run a front brake when i set up anything with a coaster brake. if the chain falls of you can't shift it back on, and you don't have brakes, so you're left trying to jam your foot between the wheel and the seat tube (like that idiot in san fransico who would ride a single speed coaster with no brakes at all...).
nice to see a lovely old Schwinn in use. I'm hoping to set up an old Miyata 1000 with a 2 speed kick back. debating if I should go coaster or reuse my MAFAC racers. Probably i'll use the MAFACs.
cheers!