The CCO is $500 to $1000 more than the Smith, right? I suppose that depends on what you compare but more none the less. For conceal and carry I would be looking for 3 things:
1) Is it reliable? If you don't trust it to go "bang" every time then pick another gun.
2) Do I shoot it well? Most any gun will be defense accurate but most of us have guns we shoot better than others.
3) How does it carry? Not just weight and dimensions but am I comfortable with the safeties or lack thereof? (The 1911 is cocked and locked...some folks don't like that for carry). If I don't like the way it carries then I am less likely to carry it.
We all probably have some guns that cost north of 1K or more and I am no exception. Some of them would make good carry guns...but I ask myself, "Self, if I use this gun to protect myself or my family I can expect this gun to go bye-bye for quite a while (months...years?) to the evidence locker at the PD. How much $$ do I want to deposit there and have etched

as evidence?" There are BBQ guns and there are working guns. I carry a 6904 that cost less than $400. It is 100% reliable, I shoot it quite well and love the way it carries. I might carry my BBQ guns to the BBQ but not too much else...but I do shoot 'em whenever I like.
I only throw this up there for your consideration and you may disregard any of it at your discretion as it is JMHO

I see you just joined so welcome to the forum.