Question: What are you going to use the 1911 for, Bullseye, IPSC, etc?
For general target shooting, the Colt Gold Cup Trophy model with the Elliason rear sights is a fine firearm. If on the other hand you are going to shoot action pistol, then make sure you get the Gold Cup Trophy model with the dovetail Bomar type sights. I have and use both types, a blue model for Bullseye and a stainless model for IPSC. The Gold Cup Trophy model is comparable to several reputable manufacturers target models, eg Kimber, Springfield, etc. In general, price may be the determining factor.
From what I have seen over the years, Colts are a bit higher priced, but with all of the fitting and national match parts they use I can understand. The trigger from the factory is very good, I prefer the wider trigger shoe. They are reliable and generally feed most types of ammunition, lead semi-wadcutters (typically 200 grain) are generally regarded as the test for feed problems. With the national match barrels (with wider ramps) the Gold Cup trophy models feed well. I have tried many types of ammo in my stainless IPSC gun and had no problems ever. I use a 14 pound Wolff recoil spring for Bullseye (200 SWC at 750 fps) and an 18 1/2 pound Wolff recoil spring for IPSC (200 SWC at 900 fps or factory hardball).
If you are looking for a "better" 1911, then Les Bear, Wilson, Ed Brown, Nighthawk, are all very good. For higher end IPSC (if using the 45ACP), the STI and Infinity manufacturers are considered excellent. But, all are priced higher.
Just my two cents .....