Based on this weight is this an Eldridge Grade?

Certainly there are plenty around where better frames have been painted up in the factory as lower ones - but normally that's BVSE with an Eldridge coded frame.
 
Yes, although if it was a bear valley or palisades frame painted as an EG in the factory this would be a case of a lower spec frame painted as a higher spec bike, rather than the opposite.
 
Yes, although if it was a bear valley or palisades frame painted as an EG in the factory this would be a case of a lower spec frame painted as a higher spec bike, rather than the opposite.
Very unlikely. Especially as Marin were selling volume in that era.
That kind of thing tends to happen with smaller operations, or occasionally when a production run ends. They would normally just spec/badge up correctly. No one would complain of an 'upgrade'.
 
Wao, that is made of tank grade steel 😬 But my pro racing from 1993 was close to 2kg so ... not that bad. Best and lightweight frames were in the second part of the 90s with tange ultimate superlight arround 1,8kg in M size, or the Team Issue frame was under 2kg. But for the size it could be Ok.

My two top 90s bicycles from 93 and 96, are very diferent in weights. The Marin Team Issue 96 with fork is 10,7kg near stock (only tires, cassette chain etc changed) and the 93 one weight is over 12kg due to the fork and frame mainly. The frame of the pro racing despite the name is not light by any means.

Edit Pro racing 1992 was 2020gr, that is a lot for the top of the range. I have found a photo in this web https://www.foromtb.com/threads/volvemos-al-eje-de-cuadradillo-scott-pro-racing-1992.1570953/page-9
 
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