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Ponswick, in the many years that I ran AD&D, I never made use of weapon speeds. The game runs faster without that rule. I also never gave xp for gold; to me, gold is its own reward. Instead, I gave xp for monsters and bonuses for good role-play.
If you like old-school style play but want something a bit more streamlined and in-print, check out Swords & Wizardry (it's available thru the Piazo store http://paizo.com/products/btpy8yg8?Swords-Wizardry-Complete-Rulebook-2013-E dition). It has the option of using classic descending AC or modern ascending AC, is very clearly organized, classic modules adapt with minimal conversion (or the S&W modules can be used with AD&D), and is well-supported by both professional modules and by many on-line blogs.
Regards,
V