Price really doesn't have much to do with it, more about enjoyment of the ride. Even a custom frame from a more expensive builder is not expensive when compared to a new specialized SL4 or Venge frame.
I take if from the responses nobody has experience racing a Ritchey Road Logic of old?
Hello, back in 1997, I raced a Ritchey Road Logic for University as well as on a club team. It is one of my favorite frames because it was my first real race bike. My memory of the frame is that it had amazingly deep paint, a more relaxed European road racing geometry, and the frame seemed stiff enough, even with a 1 inch steerer tube. It is one of the frames that I really regret selling.
That being said, that bike was probably cutting edge awesome for 1997 standards. It weighed over 6 pounds for the frameset and used a quill style stem. If I rode the 1997 Ritchey next to my 2011 Canyon Ultimate and had to choose between the two bikes, I am sure that i will choose the Canyon every time as it is a lighter, stiffer, more comfortable machine. My rides are usually fast hard 30-40miles on shitty roads with 3K+ feet plus of climbing with some grades going over 23%. I am about your weight, 132, and about the same sprint wattage 1250 max.
I decided to chime in to this thread because I will buy the new Ritchey for sentimental reasons. Honestly, I can't imagine ever racing again on steel though, it is fairly heavy, (4.7 pounds for the frameset for the 2012 Logic) and can't really be compared to a SL3/4 module, which is a state of the art frameset. I wonder if people who buy this frameset will buy it for reasons similar to mine, and will probably keep a separate bike for balls to the walls type of ride. If you are still racing at a high level and have that drive for perfection, I think it would be hard to go from a SL3 to a steel frameset. This is coming from a guy who has owned 7 custom steel frames. My most recent experience is going from a custom steel DeSalvo to my Canyon Ultimate. The DeSalvo is really nice but the Canyon has so much more punch. Different horses for different races...