[CR]custom-built masi serial number question -- follow-up

(original post can be found here http://search.bikelist.org/getmsg.asp?Filename=classicrendezvous.10501.1975.eml )

many thanks to the folks who reponded off-list, especially Bob Hovey. here's a synopsis of what i've found out:

built in 1994, most likely by billato (the lugs are not pinned, which seems to indicate that it wasn't built by mondonico, according to bob), and marketed by torelli. (could it be a torelli pista speciale with masi decals? i couldn't find any pics of that bike).

questions still remaining: what's up with the decals? they seem to be applied crookedly, but they have a clearcoat over them, as does the original owners name. was there ever a gran corsa track frame? what's it made out of? (i couldn't feel any rifling, so it's probably not slx). is it really a custom frame, or did the buyer just pay a little extra to get his name painted on the top tube?

thanks again for all your help,
--
galen pewtherer
san francisco, ca