Fitting modern group on vinatge/old frames

I want to fit a full SRAM RED 10sspeed group on a vintage 1980's Masi pretige with ITA thread. Will this bb http://www.evanscycles.com/products/sram/gxp-team-bottom-bracket-cups-ec024213 fit my frame with a RED compact crank? Im not a bike expert so forgive me if this is a newbie question

Why ruin the Feng Shui of a Masi? I'd keep it to its design genre. If you want to install Zeitgeist Chinese parts on a bicycle then do so on a Zeitgeist Chinese carbon frame..
The Masi prestige is a very 1970s frame. Its sought after as a 1970s frame. Standard would be Campa with Cinelli or TTT bars... perhaps some Modolo bits.. There were a lot of rather ecclectric parts around into the 1980s... Going outside of Italy... Zeus, CLB and a large number of lesser known parts could have graced a Masi.. Modern parts that could just as well been 1980s are been CNC'd by the likes of Paul, Phil Wood, White Industries, Ted Ciamillo (Gravitas/Zero Gravity) in the US..Royce etc etc etc in the UK and ......