Indeed, but beauty often fades!

Some photos detailing areas of difference between the "Equipe" and "Project" frames:



Shorter seatstay caps with "flying C" oriented different than Equipe:



Different chainstay and brake bridge pieces:



"Project" decals:



Internally lugged SC type fork crown vs. tanged fork crown on Equipe:



No cutouts in shell as appear on Equipe:



Different chainstay bridge piece:



Other differences of note: no chromed lugs, no pump peg, no front derailleur braze-on. It's possible the lugsets were different, or were filed differently. The points on my Project appear longer than those on the Equipe I previously owned, and the seatpost binder ears appear slightly different.

Size is stamped on BB shell, as it is on the Equipe.