Yes and no. I have a complete bike, a
2009 aluminum Felt TK2, that measures 54 cm to the top of the seat collar (see photo in linked page) and 54 c-to-c for the top tube. Head tube is 11 cm. The aero seat post limits how low the saddle can go, but a round post would eliminate that limitation.
Haven't ridden the bike in years, never raced it, rode it on the road (the carbon fork is drilled for a front brake) a total of maybe 500 to 800 miles.
Edit:
Come to think of it, I also have a somewhat beat-up-looking Reynolds 531 Peugeot pro-level track bike from the mid- or late '60's (haven't been able to pin down the age by the serial number) that measures 54 cm c-to-t for the seat tube and 56.5 for the top tube. Head tube is 13.5 cm.
French-threaded Campy Record group, including headset, pedals, cranks, BB, tubular wheels with high-flange Campy Record hubs (rear is the original track hub; front wheel was stolen years ago, so I replaced it with a high-flange road Campy Record wheel, with an oil clip).
I literally bought it from a little old lady many years ago whose husband used to ride it around Paris when they lived there in the '60's. The shop where he bought it must have drilled it for a rear brake, since there's a Mafac brake back there. Cable is held on by zip ties.
In the late '90's, I had the alignment checked by the ex-Brit framebuilder John Hollands. He fixed a minor fork alignment problem but said that the frame was about the straightest production frame he'd ever measured. He speculated that Peugeot might have had a master builder who built the road and track frames for sponsored riders.
The gearing (50 x 15) might be a problem for doing anything other than track racing. The right crank has a long-obsolete BCD, and rings are all but unobtainable, as far as I can tell from cursory searches. And the hub thread would strip if a BSA sprocket were to be installed.
I know that from personal experience, having immediately stripped the rear hub thread when I installed a larger rear sprocket on my first track bike, a Helyett with French-threaded components that I got in 1964. The local bike mechanic fixed the problem by wrapping the thread in aluminum foil, which worked perfectly, but that's not something you want to have to do with a vintage Campy hub.