the bareknuckle frames, from what i have heard, have pretty solid paint jobs. if nothing else, they are infinitely better than the debernardi paint jobs, which are total garbage, even among italian frames. i know a couple of kids who have them, and their frames, which they ride often, look like total **** from the chipping in the candy red finish.
i, personally, would go with the bare knuckles. if you are looking for italian chic, you aren't going to get it with the debernardi. everyone knows that they are commodity track frames with lax geometry. a dime a dozen. i am not trying to be an ass about debernardis, but i think that a lot of people buy them just because they are italian. to me, though, they are just another mid-range frame. you would be much better off spending the $400 or whatever on a used italian track frame that will likely be of better quality and not so generic. that said, i think the EAI bareknuckles (nessuno, whatever) is a nice frame if you want something new and aren't set on lugs.