I have no personal experience with the Armscor built 1911's, but it seems like a hit or miss thing as to if if you will be pleased with it. If you are wanting a lowest possible cost 1911, for a range toy or plinker..then there's no reason NOT to get one.If you want something to maybe upgrade or compete with, or more inportantly, trust your life with, I would strongly recommend spending a bit more $$$ on perhaps a Remington R1 (+/- $600) or a Springfield Range Officer ($750). I have and shoot Para 1911's and mine have been utterly reliable, retail for a single action Para is about $800-$1000, and you can find used ones for substantially less. My first Para was a PXT 14-45 double stack I bought at Academy for $650 a few years ago.
Plenty of choices out there, especially now that everyone in the world is making a 1911 of some sort.