a frame with a derailleur hanger will certainly work, whether or not it is just as good is a subjective call. if you set up a non-single speed frame with a hanger, it will probably make more noise (maybe marginally so) and probably more likely to loose the chain (maybe marginally so).
Do you have a frame already? If not, there are cheap single speed frames to be had. For instance, you can get a Jamis from JensonUSA for ~$165. I ride a Soul Cycles Hooligan that was ~$250.
But, if you already have a frame, or are in love with another, geared frame... go for it. it will work.
Do you have a frame already? If not, there are cheap single speed frames to be had. For instance, you can get a Jamis from JensonUSA for ~$165. I ride a Soul Cycles Hooligan that was ~$250.
But, if you already have a frame, or are in love with another, geared frame... go for it. it will work.