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@KTown
I bought a Falcon (whole bike) a couple of months ago with the intention of going fixed with it for that price (£70). Check it out here:
http://www.lfgss.com/thread104346.html
It is probably gas pipe but certainly doesn't feel as heavy as my gf's steel raleigh, or my other friend's steel raleigh for that matter. Which makes me think not all gas pipe frames are created equal. I say for whatever bike you look at, if it feels surprisingly heavy to lift, it is heavy. Otherwise fine!
Converted it to SS real cheap the other day by way of picking up some used wheels on here with a freehub (£25, needed them anyway as the old wheels were pretty screwed), allowing me to just leave a single cog on there from the included cassette and wang on some spacers (Velosolo do a good set for about £12 that allow you to adjust the chainline accurately - I'd avoid the spacer sets that come with only two wide spacers).
I'm well pleased with it now and it cost hardly anything. Will add some new pics to my thread soon.