Aloha Fogdot,
I have had three or four original brass radiators recored with excellent results. In terms of cost, it was less than a new replacement radiator. Cooling performance is good and I have not had to use my "back up" electric fan. The electric fan is 11" diameter and mounted on the front of the radiator (pusher configuration). I have replaced the stock metal four bladed fan with a polymer flexi-fan from NAPA. I had to modify the 14" diameter fan by cutting it down to 13" diameter. Make sure the rest of your cooling system is clean and free of corrosion and the water pump and thermostat are working properly.
Regarding removing the stock fan and hub extension, these pieces also act as a harmonic dampener of sorts. There are sources that can provide a modern harmonic dampener to replace the original crank shaft pulley, but you may have to change the generator and water pump pulleys to a smaller width fan belt. I'm not sure if there is any detrimental effect to running an engine at 2500 - 3000 RPM with out harmonic dampening. I'm sure that there are many engine builders on the forum that will educate us.