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gillies
amey
So as you can see, the conclusion of this is that you can build a race bike on a steel frame at a competitive weight, for around the price of a top(ish) spec carbon frame, but will it be stiff enough in the sprints or will it squirm around? Probably the later.
I dare say the maths works even better in smaller sizes, these weights are indicative of a 56 but at 54 or 52 materials won't effect as much. So if you're interested in racing a steel bike, go for it and tell me what it's like. I might actually buy one for winter :)