Cowtown, hum, if its a 56 or 58cm I say no, you should offer way less than that right after you PM me with full details of who has it.

Honestly, if you can pick up a hand built lugged frame in very nice condition from just about any accomplished frame builder for $350, and its the type of frame you are looking for, I wouldn't pass it up. As far as the gear, depends on the type of frame (not fimilar with the Chinook, touring, road race, etc?) and your budget. Personally, I'd go with Campagnolo N. Record with bar end shifters most likely.