Don't sell it short. I answered an ad for a "Titanium bike" a few years ago, drove 2 hours, and found a lugged chro-mo Performance-branded bike, yellow with spotted paint scheme. The lugwork was nicely filed, smooth, the frame was not heavy at all, and the fork had a sloped, lugged crown. It was too big for me, but was full 105 2x7 indexed. Since it wasn't titanium, I offered $100 and left with it.

A certain amiable, knowledgeable, and very nice guy in Oklahoma has it. He doesn't show up much around here any more, as he's busy, but his fondness for junk food and his talent for finding and building beautiful bikes was right at the top of my list. He agreed with me that it was a very nice frame, equal to many we've both had, so look at "Performance" branded bikes a little longer than just a scan, these days.