I'm talking about the the amount of work than was done after the frame was brazed but before it was painted. The one thing that jumped at me were the seams between the rear dropouts and the slots they mate to in the stay ends. On a high end frame manufacturers typically took the time and expense to fill these seams with brazing material, then file and sand them down to a seamless joint. Also, the stay ends are the integral, formed domes offered by the tubing companies. Both are measures are specifically to save money by eliminating manufacturing operations.

Given the era, the frame features also support mid-range. As noted it is a rather plain lug set, with a square cut seat lug top and square cut stay collars on the bottom bracket shell. There are also no brazed-on shifter bosses or top tube brake cable tunnels. The only brazed-on amenity is a set water bottle bosses, which is the feature most likely to be noticed and appreciated by the consumer. Decreasing the number of braze-ons is a cost concession, as the pay scale of a skilled brazer outweighs the cost of an unskilled labourer mechanically fastening components to a frame.