Yes this bike has been ridden, raced, its not a dust queen at my house. There are some wore areas from cable rubbing and scratches and paint chips. Fat Chance did lay down a nice thick, multiple paint coatings on this and that is probably why it looks as good as it does.
I have more photos if anyone is interested. The rust is not bad at all on this frame. Its very dry in Colorado so moisture dries faster than it can start rusting on the frame. I am not saying this frame is perfect but it is in excellent condition for a 22 year or race bike.
1" steerer.l I have the original build card too.