90s Cannondale was an entirely different company than the modern one; based in CT, handmade in PA. These were decent frames, handmade in USA with unique smooth welds. High end Cannondales were among the lightest at the time; while this one is low end, C's low end frames were still very high quality.The fork and components were what were sacrificed. The Killer V frame came from their MTB line, it was an effort to incresase standover height, in a visually unique way. CAD1 was billed as "lighter than chromoly," and the hightest end CAD3 was "lighter than Ti."
That's not the original fork, the color is off and the stack of spacers show the different steerer lengths. Since the original fork was not something unique enough to remove, I wonder if there was any crash damage. The front wheel looks original so its kinda odd.