Between those two - neither would be my first choice (especially for the money), but I'd probably go with the Colnago. I don't think the chrome comment above is accurate...I've found chrome is just as prone to damage as paint (if not more so) and far more difficult to fix if it happens. Both of them are pricey...I think the Paramount is probably a better deal. The Colnago seems a bit high to me. The Colnago is going to have more modern spacing...I think the Paramount is a 1987...meaning it probably has 126 (maybe 128).

Honestly - I'd be looking for something different for that kind of price if I intended to ride it heavily.