You threw me there with down tube, it's the seat tube that's failed.
Ideally a welder who can tackle alloy, not just welding it but adding a reinforcing blade as an extension of the blade that supports the rear A frame tube loop where it goes around the seat tube.
Your alternative is cheaper if you can find the appropriate size though, but it won't leave much room for seatpost adjustment.
I know that a number of Sprint frames were known to be suspect and were changed under warranty as a recall, but no way of knowing if your one bought second hand was an affected one. Also this is your souped up Sprint as I recall, capable of truly scary speeds and living up to it's name!

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