... too much tech and to much hype with fancy brakes ......
The last four or five Vbrake conversions I've done did not cost more than $2 worth of welding rod, grinding wheel and electricity.
If you want the best possible Vbrake, Koolstop pads are under $20
I'll put a properly adjusted vbrake with Koolstop pads against ANY disc brake setup retailing for under $250.
I'm fat and fast and they last fine for me. Pads are cheap and easy to find, adjustment is simple, and they are very reliable and damage resistant. Discs bend easier than rims.
But it's a personal choice in the end.
I'm a cheap bastard.
If bosses/mounts for rim brakes can be welded, the same can be done for disc calipers - it's actually quite easy. With the wheel & rotor in place, clamp the caliper on the rotor using it's own pads & the inner adjustment setting (floater pad), this sets the caliper exactly where it needs to be for perfect alignment - tack the adapter plate, remove all components, weld, paint, reassemble & done. The cost in welding materials is likely identical.
If we're down to counting pennies, it's going to be hard to warrant one over the other on cost alone...
As a brand-name entry level AVID BB5 disc set front & rear complete can be had for $48 which at $24ea, including pads & rotors is pretty tough to beat (Shimano is even cheaper, but I like AVID): http://www.amazon.com/AVID-Mechanical-Brake-Front-160mm/dp/B00BOJ60O6/ ...replacement pads are usually $12-$14, as are rotors - of which both seem to have better longevity then rim brakes under both adverse & normal riding conditions.
Which leaves the hub - admittedly the primary upgrade cost difference between rim & disc, yet even still disc hubs don't need be expensive, here's a Shimano 36h disc hub for $18: http://www.amazon.com/Shimano-Deore-M525A-Front-Black/dp/B007A8LHRK - don't wish to build a wheel? Upgrade to a nice Weinmann double wall aluminum rim complete w/stainless spokes & six-bolt disc hub for $50 http://www.amazon.com/Wheel-Master-Weinmann-Front-Release/dp/B0040DRGOG ...again, there's even cheaper - but why replace a rim w/o upgrading it's safety? Sure, if we're comparing the absolute cheapest of ebay or what can be scrounged from the recycling bin there's probably a few bucks here and there to be "saved" one way or the other, but neither example would do that brake system any justice... heck, I've a set of discs, calipers & wheels in my scrap pile - but I can't use "free" as an example & still be fair.
As for adjustment, complexity, stopping power, squeal & damage I believe the reason there's always controversy regarding disc vs rim brakes is an oft overlooked truth & that is both rim & disc brakes are essentially the same thing, the work on the same principals in almost exactly the same fashion. The primary and most troublesome difference is rim brakes use the rim for a rotor. While this gives excellent leverage given the diameter, the "rotor" (rim) is likely aluminum, an alloy not known for wear & chafe resistance, consequently the pads need be a softer compound to reduce damage - if they're not ("preformance" pads), rim wear is exacerbated. While it's conceivable you could bend a disc rotor somehow, it's highly unlikely. Bending and/or wearing out an aluminum rim isn't - so your "rotor" replacement is your rim, not a $12 disc. I've not yet ever needed to replace a bicycle rotor due to wear or damage, the same can't be said of rims unfortunately.
Stainless steel disc brake rotors may be smaller in diameter - but with the mechanical advantage of a cam, greater pressure can be applied with larger, harder pads & gripping surface, which is often slotted/ported for cooling & water displacement. Disc brake mechanicals and their adjustment are the same or less complicated as it's the same cable actuation from the lever with one small adjustment wheel for the inner pad - you needn't worry cable splitter/saddle balance or arm return tension as with rim brakes. All brake types can squeal, pad adjustment/dressing is required regardless.
So all in all they're roughly equal, except wear rate & reliability in wet conditions - as I like needing to replace/adjust things as little as possible & I really like stopping in the rain/ice/snow as much or more as in good weather, it's discs for me lol
Run whatever brakes you prefer, but if considering a new bike build I'd look for disc mounts, if for no other reason then the possibility of later upgrade. I believe rim brakes are still not uncommon on bicycles for two reasons, they can weigh less in a world obsessed with ounces and HPV bicycles are unlikely to need much more then what rim brakes can provide - should you add in the additional speeds, weights & distances of motorization, discs while not mandatory are an elementary upgrade in my opinion... there's a reason our motorized brethren on mopeds, scooters & motorcycles aren't trying to stop with rim brakes, they went to disc & drum long ago.
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