unless the Chameleon comes in steel, that is not recommended
But...The lovely paint? :(
https://www.lfgss.com/conversations/135850/?offset=1650
If you want a chameleon, get a chameleon. The £669 price tag isn't too outlandish for the frame only. It's a versatile and well thought out frame, and alu is fine as a frame material.
@Bodz started
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unless the Chameleon comes in steel, that is not recommended