I found a USA made, '86 or '87 Trek Pro Series Road bike for a very, very decent price. From what I read these are some solid American Frames, and this would be my new conversion project. Anyone converted one, or ride one, or have any opinions on them?
they're supposed to be very good quality and handcrafted. i almost got one once too, but it was spaced for 27" wheels. i'm not a big fan of 700c wheels in a frame made for 27" because of the big wheel gap it leaves, but it works just fine.
I'm riding a 1985 Trek 600 frame. Reynolds 531 steel, lugged. I don't know if that's the same frame you're talking about, but I like mine a lot. Relaxed geometry and long wheelbase is very forgiving, very comfortable on long rides. It is not a track frame though, if that's what you're looking for.
I just did some research on new frames, and a lot of the roadie-style of fixed gears being made now have pretty much this exact geometry. I'm thinking of having this one powdercoated instead of buying a new frame. Main downside for me is that it's got a low BB and I get pedal strike w/my longish cranks. That and I'd prefer track style dropouts, but that parts no biggie.
edit: back then they were still hand-made in Waterloo Wisconsin.