My 1971 Nishiki competition's full double-butted Ishiwata CrMo frame had an inordinate amount of bottom bracket flex, but it got me through a three hilly centuries and a 12:18 double century and 40k cumulative road miles (65k km) before the seat tube lug finally broke away from the rest of the BB shell. In general, early 1970s Japanese CrMo frames tended to feel mushy, but the situation improved steadily during that decade.
Unremarkably, my Bianchi has far less BB flex than my Capo, reflecting a 20-year difference in design philosophies for long distance road racing machines, which had alot to do with the gradual replacement or covering of cobblestones by much smoother asphalt in Europe. On a sprint or a hill climb, I'll take the Bianchi, but on a century, I'll settle for the comfort of the Capo.
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"Far and away the best prize that life offers is the chance to work hard at work worth doing." --Theodore Roosevelt
Capo: 1959 Modell Campagnolo, S/N 40324; 1960 Sieger (2), S/N 42624, 42597
Carlton: 1962 Franco Suisse, S/N K7911
Peugeot: 1970 UO-8, S/N 0010468
Bianchi: 1982 Campione d'Italia, S/N 1.M9914
Schwinn: 1988 Project KOM-10, S/N F804069