Para's quality is pretty much hit and miss, and their warranty/customer service is horrible.
Over the years, I made the mistake of owning 3 Para, double stacks, and stuck as much money in to them to get them to run decent as what the guns cost.
Smith & Wesson does sell a 1911, but, I've never shot one, so I can't give you a comparison to others.
To answer your last question. The Pro series has a little better trigger, and if you get a Pro, in a 5", it will get you a little longer sight radius. Either should be capable of shooting 2" groups at 25 yards, with ammo they like, but, I have heard of a few that won't shoot that well.
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