After much consideration, Steve and I decided to go with a SRAM Red group for his fancy frame. I think it would have looked equally as good with a classic Campy grouppo, but this is the modern in "Modern Classic". I'll have more pics soon, I'm picking up the wheels and rest of the parts tomorrow at Ben's.
The front view.
Stainless seat stays and bridge with the Red caliper.
Last but not least, the Ellis dropouts with Red derailleur. Plus a little detail shot of the lower head lug.