Just some thoughts... no knowledge of the brand:
(I suspect that this is the bike in question:
http://seattle.craigslist.org/see/bik/1490677709.html )
You are getting a partial super record group + a reynolds 531 frame as a complete functional bike.
Hard to tell in that market of yours...
this will give you an idea for how much a decent super record group retails :
http://www.bikingthings.com/vicasuregrse.html