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Comprehensive, thanks!
It's lead me to this place which seems very useful -
http://www.mytenspeeds.com/My_TenSpeeds_1/Site%20Contents/Bicycle_Basics/Bicycle_Determining_Quality/Determining_Quality_13_Page.htm
@mattired. The dropouts look cheap because they look like flat stamped plate dropouts, rather than stronger and more expensive forged dropouts. That, combined with the rather chunky gas-pipe frame lugs, generic fork crown style and the original headset, suggests this is probably one of thousands of budget Motobecane/LeJeune/Gitane/Mercier/Peugeot framesets from the 70s/80s. Nothing wrong with it, but nothing special either.