Thanks guys. I really appreciate the help. I think I'll be going with the DOCs unit for a few reasons. I'm not so worried of a 15 minute fix as I'd be happy to spend more time to do what seems to me is a better fix. I certainly have NO intention of getting rid of the bike, so I'm going for the long haul. I'll give you an update when I get through and let you know how the install went.
I just replaced the rear tire (330), the rear hubs (which were flaking most of the chrome off of them), and the rear sprocket (same issue).
Thanks again, I really appreciate the feedback!