After searching the 'bay for quite a while, I decided to call my buddy Charlie. Turns out he had several NOS freewheels in his stocks. Several Regina's and an NOS Suntour 14-26. The gearing and the price was right on the Suntour, so while its not Italian made, it had all the other right factors - including price!
I have not ridden it yet, but it seems to operate pretty well.