I would do this:

http://dl.getdropbox.com/u/872430/convert.scpt
save the script above anywhere you like. set up a hotkey trigger for
this script.

Select text and run this script by pressing the hotkey.
I have only added three items: "All Caps", "Decode Tabs", "Lower
Case"
Add other items separated with a comma in the line
"set thelist to ..........."

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