Good grief, that is a lot of monkey-motion to swap sides.
Why not run this hub:
http://www.ebay.com/itm/Shimano-Deore-FH-M525-/131427446337?pt=LH_DefaultDomain_0&hash=item1e99afae41
With a single sprocket, spaced over like this:
http://www.ebay.com/itm/Singlespeed-Bicycle-Cassette-Conversion-Kit-16-15t-Road-or-MTB-101g-Alloy-NEW-/310946090800?pt=LH_DefaultDomain_2&hash=item4865d4cf30
Then run a rag joint, or a hub adapter. Put both chains on the same side. DAX even has rag sprockets to fit the T8F chain, which is a common pocket bike chain.
Keep the 5:1 gear, you will need it.
Why not run this hub:
http://www.ebay.com/itm/Shimano-Deore-FH-M525-/131427446337?pt=LH_DefaultDomain_0&hash=item1e99afae41
With a single sprocket, spaced over like this:
http://www.ebay.com/itm/Singlespeed-Bicycle-Cassette-Conversion-Kit-16-15t-Road-or-MTB-101g-Alloy-NEW-/310946090800?pt=LH_DefaultDomain_2&hash=item4865d4cf30
Then run a rag joint, or a hub adapter. Put both chains on the same side. DAX even has rag sprockets to fit the T8F chain, which is a common pocket bike chain.
Keep the 5:1 gear, you will need it.