Thanks for the info here!
Your observations seem to confirm my original thought's on the frame (and how it was originally presented to me). I'm not well versed in the EMC history, but my understanding was that folks from EMC trained at DeRosa and some frames were built at that time. And my understanding was that this was one of them seems to be confirmed by your speculations.
This frame really is a split personality between an Eddy Merckx and a DeRosa yet isn't truly either. It's cool in that it's a piece of history and shows the links between the two companies, yet the coolness is tempered by it's purpose in being as mostly a training exercise.
Thanks again!
Mike Kone
Boulder Colorado