I am not well versed on the 150mm OLD stuff, I was doing most of my new bike buying back in the days of 135mm OLD, and 26" rims and 1&1/8" head tubes so that's pretty much where my bike parts knowledge begins and ends. However I have a good reason for sticking to those standards. The best deals on used but working parts are in those now-unfashionable standards. There's a lot of cool kids "upgrading" to 29er, 1.5" head tubes and 11 speed cassettes (that require a 150mm or 142mm OLD) so there's tons of good, heavy, unfashionable stuff available, as long as you're not bothered by someone having ridden on it before you.
150mm will be more expensive and less choice available.
I would buy a hub and rim and take it to a local bike shop (LBS) to have them build it if you're not experienced in wheel building. I'd say it's for an e-bike though, not mention anything about ICE.
Well only reason I went with the 150mm over the 135mm is the site I bought the frame from made it sound like if you ever plan on going multi speed you have to have the 150mm. I originally planned on a single speed but then started thinking I probably would like a shift kit and a 7 spd rear cassette better than just a simple single speed.
Now I am in this position. I looked at bare hubs ones I found were a couple hundred. Too much for me to spend on just the hub alone in my book. Especially considering id have to pay a local bike shop to put the wheel together for me. Think I rather take my chances on the HD wheel that bicycle-engines sells if that is my only option.
I also am trying to find spoke wheels vs mag/alloy. So that cuts some wheels out as well.