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@spanner48
So why's everyone sneering at 501? It's seamless double-butted, like 531; just Cr-Mo instead of Mn-Mo. Look on Reynolds' own frame/weight charts, and you'll see a 'standard' 501 frame is just 100 grammes heavier than the same in 531. 2200gms vs 2100gms. How many riders are going to notice that?
And another thing: although the chrome in 501 is nowhere near enough to make it stainless, the old bike mechanics used to say it was a lot less prone to rusting than 531.