hmmm, i do wonder if any of those cheap meter movements are taut band? or just hairspring and bearings. i've certainly seen plenty of hairspring meter movements that have worn out.
the count up/down idea is a neat one. for hours you could have a blue scale counting up from 12 and 1 to 11 above the scale line, and down from 12 and 1 to 111 below in red. then use a couple of LEDs, one red, one blue, to indicate which scale (AM or PM) to use. the same for minutes, except 5 to 30 in steps of 5 counting up (labelled "past"), and 25 down to 5 in steps of five labelled "to".
ie:
12 1 2 3 4 5 6 7 8 9 10 11 AM
-+----+---+---+---+--+---+---+--+---+---+---+---+-
11 10 9 8 7 6 5 4 3 2 1 12 PM
and for minutes:
0 5 10 1/4 20 25 1/2 past
-+-----+-----+-----+-----+------+-----+-
5 10 1/4 20 25 to
cheers,
rob :-)