Are you buying a 1911 to shoot or show off? Are you competing in a form that requires PERFECT accuracy?
If your buying a gun to shoot and dont need the worlds tightest groups the SR-1911 is a perfectly fine gun... better than most even close to its price range. But, its still just an SR-1911 and not too many people who know what they are looking at are going to be impressed by it (though people who DONT know what they are looking at will be VERY impressed).
My first 1911 was the Can-am norinco deal. I wasnt sure I was going to like 1911's but figured, for the money, why not. I found I REALLY like 1911's and wanted something a bit nicer to carry around the range. I found a lightly used SR-1911 for $625 shipped. Does it compare to my buddies $1500-2000 1911's. Not in terms of PERFECT fit and finish... but for how we shoot, it shoots every bit as good. One day, when money is not a concern at all, I WILL own a super high end 1911... but for now, when buying ammo is as much a concern as buying the gun itself, the SR-1911 is more than enough for me.