Thanks again David.
For some weird reason, I am now faced with the odd problem of having several new O-ring chains, and no decent non-O-ringers.
Anyhow, I fitted some 340mm long shocks along with the rebuilt rear wheel, and took it for a couple of laps around the back yard. It turns better now (it was previously lacking castor and felt very weird) and the lower gearing makes it MUCH easier to ride.
I'd forgotten how damn loud it is though! That's definitely next on the list of things to fix.
Unspectacular pic that I only took because I was outside with the camera: