A sport-touring bike is what I had in mind. Something for a days outing around the rolling foothills of the Central San Joaquin Valley.
I'll just have to wait on planning the build. I would think that, with fender eyelets, there would be enough room for a thin fender. I like the polished stainless Tanaka fenders. Hope there's room.
I've tried doing web-searches on Faggin and, aside from pictures, have not revealed much. Few bikes have the rear brake cable guide running under the top tube. I don't see where Faggin manufactured anything for a mass market.