Funny you mention that but I distinctly noticed that the small decals on the chain stays were on top of the clear-coat but I didn't notice on the rest of the bike. The tubing is likely 4130 since the seat-post required (according to the eBay auction) is 26.0mm so it isn't light but not an anchor either.
I liked the lines of it and that is what caught my eye at the bike lockup; the geometry is very nice, definitely track.