I had the similar frame. It was minty mint, but paint fell off by looking at. I read it is was a common issue with early S-works M2 frames.
The model above it was the M2 Team. That was red wit yellow decals. An option?
Hehehe, now I know why you told me that when showing my M2 Team (about the paint, that is)...
Yeah I have to go with the idea of respraing it in the M2 Team colours. My M2 Team is from 1996, but the earlier M2 Team with the yellow decals is just sooooooooooooooooooooooooo much cooler!! I'd go with that option and maybe build it up in a bit of a "Ned Overend" way?
I still hope to find one of those old M2 Team frames in red/yellow and build it up this way, since I still have one of those old FSX forks standing around (the first one from alu and that square crown and no adjusters). It came out of some dude's S-works Ultimate and he didn't want it no more (but he did still wanna keep the Ultimate unfortunately)...
Oh man, this isn't happening... it only thinks it's happening - Kevin Flynn
1989 Merlin Titanium - 1990 KLEIN Attitude Team - 1992 Specialized Stumpjumper FS - 1992 Specialized S-Works Carbon