Not surprisingly, the rides are very similar, but the Waterford is six pounds lighter so it accelerates faster and climbs better. They're both very comfortable on long rides, but if I know I'm going to have hills I take the Waterford. I've grown to appreciate the precise indexed shifting of the Campy Ergo shifters on the Waterford; the Paramount has bar end friction shifters.

I bought a 1970 Paramount frame on eBay months ago and haven't done a thing with it except give it some company. It was that ugly gold(ish) one with the rear rack and Cinelli fork.

Off-topic but my Sunday ride was with two riders that rode a 80's Raleigh Competition and a Panasonic DX-300. Downtube and barcon sixspeeds. I rode my fixed gear Bianchi.