The Masi looks very nice. Couple points though:
- 520 is stock with 38s, not 32. It seems like a really decent tire too from my time with it. I've got some G-Ones on the way but thats just to expand out its off-road ability. 38 clears easily even with Fenders. It's rated for same 29 x 2" as the Masi.
- Components are one step-down but you get brifters. That one's preference for sure but worth noting.
- The racks look good and may well be beefier but the Trek racks seem well built and strong. Now time my prove that wrong. The front rack also has a platform so you can carry another bulky item on the front if you like rather than just panniers. I've been just carrying my u-lock around on there with some bungees. Plan to use it to carry around my fancy-pants mini camp chairs once touring.
- You get that nice Trek frame warranty.