An old steel-framed lightweight with a 27.2 seatpost is definitely Reynolds (or equivalent good-quality steel), but 27.2 is particular to double-butted tubing. Single-butted was something like 26.8, plain gauge 26.4 - but these smaller sizes were also used by 'lesser' steels.
TBH I wouldn't worry about it. If the bike's nice to ride, it's nice to ride, regardless of what steel it's made from.