Yes, a lot of frames back then were designed to be close even with 23mm tyres, so don’t bother trying to fit mudguards or ‘comfortably’ large tyres. You’ll just need to put a comfy saddle (Rolls aren’t actually that comfy, depending on your shape) and double up the bar tape !
That frame looks in superb condition, 531 Competition tubing, Prugnat lugs. I kind of like the colour, although can’t quite tell from the photos, but it’s almost like a root-beer brown ? I love the gold banding between paint and chrome.
Slight correction to my earlier comment – the ‘smooth’ QR nuts are Mavic, and I’ve now realised your bike has Mavic 501 hubs, which were one of the first to use cartridge bearings. They’re better than anything Campag offered, so still go well with a top bike build from 25 years ago.
That is indeed a very nice find.