All modern (1945-present) butted tubing by the major manufacturers is very high quality. Reynolds 531 chrome-manganese-molybdenum, and Columbus chrome-molybdenum in all the various dimentions were superbly finely made steel tubing. Both were/are made by piercing a forged piece of steel and then drawing over a mandrill.
To be fair though, all good quality steel tubing makes a pretty reasonable bike frame. Even standard chromemolybdenum structural tubing.
True Temper tubing starts out as flat stock, is formed into a tube, and welded at the seam, and then worked and drawn to remove any funtional traces of the seam. It also is good stuff.