Pretty much. I had a Suntour Spring/Ofmega/modolo specced one and I didn't think it was grossly heavy but it was a good rider.
The frame was used over much of the price range from the CdI to the Giro so it was something decent. I believe popular concensus, and I need to dig through some PMs to verify, is that it was likely a tretubi SL wif Alle or maybe even CroMor stays or even a mix of those.
I would not turn my nose up at another one but I wouldn't pay SL prices for one either.
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk