The 925 does not vaguely resemble a "tight track frame." It's a relaxed road frame with fork-ends. Basically a conversion.
As for the IRO Phoenix, any bike with the geometry of a Schwinn Varsity won't have toe over-lap, it also won't provide a very snappy ride. That might be what the OP is looking for, though if that's the case I doubt he would be asking here.
Finally, why resurrect a thread that's been dead for nearly six months?