Well...interesting choice of hub. I have the same hub on my bike.
However, mine is an older model from the early 90's. I believe I
measured the chainline at 42.5mm. Your's may be a bit different,
though it is most likley 45mm. If you use the Sugino with a 110mm,
that ought to give you a 45mm chainline in front, as well. Even if
your hub and freewheel yield 42.5, it is close enough. With a 9speed
or 8speed cassette, you start to get further away because those are
generally a 47.5mm chainline. However, if you are using friction
shifting (and I hope you are!!), especially in the front, it should
all work fine. The biggest concern is the chain rubbing the front
derailluer in a indexed setup. If your chainline isn't perfect, you
may end up with that annoying rub in certain gear combos.
As far as chainstay clearence, I doubt that you'll have any issues
with the 110mm but you may want to email Riv to be certain. My Hunq'a
frame is still in the box at the moment so I'm not sure either. :)
Ginz