Aside from their looks and copying, their tubing, Reynolds 853 is supposed to be good stuff, Reynold's high-end tubing that's stiff and light:
http://www.worldclasscycles.com/JACKSON-HOME.htm
Reynolds 853 is a high strength, 210,00 psi, heat treated, air hardened steel alloy. Careful control of the alloying elements combine to give these tubes enhanced mechanical properties surpassing other materials currently available.
The main advantage of Reynolds 853 is its ability to air harden after joining, a characteristic not shown by other chrome molybdenum / manganese molybdenum materials presently on the market. When building frames using either TIG welding or high temperature brazing, above 1600 degrees, the joints increase in strength as the frame cools to room temperature.
LUG CONSTRUCTION IS THE PREFERRED METHOD OF JOINING 853. It allows a much larger area to be heated than tig welding which concentrates the heat to a very small area at the weld. This completely goes against the “AIR HARDENING” building philosophy of the material and adds nothing to the strength of the joint. It is however a much cheaper joining method, requiring less time and skill to perform.
Due to the superior mechanical properties of 853 tubing, there are several benefits which will translate directly to the cyclist. The wall thickness of 853 has been reduced to 0.4 mm, a full 0.1 mm thinner than Reynolds other top of the line 753 tubing. This translates into a frame weight of under 3 pounds 5 ounces for a 56 cm frame (less fork). Because of the added hardness of this alloy the chances of denting the tubing are no greater than that of present materials being employed. The final significant advantage is the increased stiffness of the frame and its ability to transmit all of the cyclist power into forward motion. The oversized 853 tube set, with its oval chainstays represents the ultimate in power transmission. Aside from the 853 OS tubeset, conventional diameter sets are available which will allow for a more comfortable ride, while still retaining most of the benefits associated with 853 oversize.
http://www.worldclasscycles.com/reynolds_853.htm