Project Update:
After a complete teardown and a cleaning and buffing of the frame. I rebuilt the bike with some parts i had laying around. as I run across stuff to upgrade it with i will.
A quick breakdown
Cranks= 175mm 53/39t Shimano 600 Ultegra Tri Color 6400 Series
Brakes= Dual Pivot Sidepull Shimano 600 Ultegra Tri Color 6400 Series
Rear Deraileur, Brifters= 9 Speed Ultegra 6500 Series
Front Derailuer= 9 Speed 105 FD-5500
Cassette= 9 Speed 12-23 SRAM
Wheels= Borrowed off another bike for now (building wheels)
HeadSet= Stronglight A9 "Bernard Hinault" edition
Only thing left of bike from when i originally bought it was the Tires and the Handlebars.
This has got the bike back in riding order and is pretty solid.