An adjustable interchangeable golf club with a faceplate-based platform to receive components for enhancing and controlling various aspects that control the golf ball flight and spin characteristics. Disclosed are components for adjusting loft and bounce angle, and interchangeable faceplate and rear flange styles. Novel milled surface roughness for enhanced spin control is disclosed along with new milling methods for achieving optimal surface roughness. Lightweight hosel and consequent redistribution of mass in club head greatly increases the inertia of the golf club. Centrally located hosel position aids in club head stability on off-center hits. This results in a golf club that hits the ball higher, straighter, longer, and with increased ball spin characteristics.