That would probably be a fair trade.
I can tell you that if you somehow get
$300 for the frame you should take the money and run. Also it is not a "track" frame, it is a road frame.
__________________
1964 JRJ (Bob Jackson), 1973 Wes Mason, 1974 Raleigh Gran Sport, 1986 Schwinn High Sierra, 2000ish Colian (Colin Laing), 2011 Dick Chafe, 2013 Velo Orange Pass Hunter