I have both the Colt Combat Elite and the S&W 108282. Both are very nice guns, and shoot equally well in my hands. The Colt has razor sharp edges, a smooth front-strap, slightly larger sights, and is picky about which magazines it will work with (it only likes Wilsons). The 108282 has smooth edges, the slightly smaller sights have not been a handicap, it has a serrated front-strap, and it works with every magazine I have tried in it (Act-mag, Mec-Gar, Wilson, Springfield, Colt, and USGI) and has only had problems with Magtech ammo (as have all of my .45s).
As a gun to show off and "wow" your friends with, or if it want the gun to hold its value better, the Colt is the better choice. On the range, they have been dead-even. For me, if I had to choose one to defend myself with or carry, it would be the S&W 108282.
As a side note, I did install short triggers in both guns, and the GI style guide rod and plug in the S&W. I also changed the grips/stocks on the Colt because the stock grip panels in the photo are pretty slippery to hang onto.
