The bikes that were once considered top-of-the-line are now sneered at. I have a '98 Basso Loto that is less than four lbs heavier that my Trek Madone 6.9 and rides far better. Since I am 190 lbs the difference in weight from light to heavy is less than 1% so pretending that te weight of a late model steel bike and a carbon fiber bike is ridiculous.

A friend won't touch carbon fiber after his C40 literally fell apart and he bought a Tomassini. It is slightly heavier but it rides a lot better than CF. You can buy a custom Waterford "Racing" that is lighter than most carbon fiber bikes. I have a Lemond Zurich that is Reynolds 853 steel and is a lb heavier than my Trek and a lb lighter than my Colnago CLX 3.0 and rides better than any other bike I've had. After I finish converting the Colnago to Di2 I will start on the Lemond.