imported post
Getting a reliable 1911 for around $700 could be a difficult task. I don't just consider the cost of the gun in the overall cost. I include the break-in period--which includes ammo, range fees and gunsmithing.
The good news is that once you get a holster it will fit any 1911 (assuming a non-railed
version).
Springfield Armory Compact:
Gunsmith couldn't get this to run. I did my 500 round break-in and it never got through a magazine without a failure to feed.
Springfield Armory Loaded (M9109):
It needed break-in, but only 150 rounds or so. It worked well until 1000-1200 rounds or so. It started jamming badly. I tried different mags and so forth. I suspect the actual problem was the extractor needed tuning. I don't know if there were other problems.
Colt XSE Stainless:
Worked fine with all ammo I tried. I purchased it used with around 600 rounds on it. My only gripe was the goofy beavertail...it pressed downward on the web of my hand. It is the only change I'd make to the gun.
A friend of mine has two S&W 1911's. Both needed the plunger tube changed. While he was at it, he removed all the MIM parts.
Another friend has the Colt WW I Repro. It had some issues in the first 200 rounds, as did his Kimber Warrior. Both seemed to have settled down.
Several of us have become convinced that a high end 1911 from a reputable shop that provides excellent service is the way to go. The reason is that you will get the EXACT gun you want that is tuned and ready to go.
You should research the Springfield Armory GI series of guns:
http://forums.1911forum.com/showthread.php?t=97065
http://forums.1911forum.com/showthread.php?t=259866