Originally Posted by
Moisture
...On the plus side, if it's lugged, should be easily repairable...
Lugged steel frames are not easy to repair at all in most cases, at least not easy as in cheap.
Replacing a main tube is a big job.
Repainting to decent standards is also somewhat difficult/costly.
Certain repairs are much more worthy of consideration than others but only IF the frame is worth more than a couple of hundred dollars.