I'll just throw this out there - it might be worth considering.
Sturmey Archer's 8-speed internal gear hub is fairly inexpensive and lends itself well to 20" wheel bikes. I have the idea that they intended it for folders, like Dahon. Where most internal hubs use 1:1 ratio in the middle, S-A's 8-speed has 1:1 in first gear, and all ratios go up from there. So, with the typical Schwinn 46T chainring, you would have a speed range comparable to a typical road bike, but on a Stingray. So far, it only comes with a twist grip shifter, so you'd still be in luck there. The no-brake version (if you use rim brakes) can have an OLD down to 120 mm, IIRC, but the drum brake version is out at 135 mm, requiring respacing. Any way you look at it, it would be trick, and you could probably embarass the occasional roadie by keeping up with him...
I have the idea that this is what I'm going to use on my '69 Fastback, especially since the original 3-speed hub is busted and the shifter is missing...