I have a blued fixed sight government model 1911 from Smith. It shoots more accurately for me at distances up to 25 yards than any other handgun that I own. I say this with a wee bit o'reluctance because I've always been and remain a revolver guy, I have a safe full of them, and this Smith was my first semiauto. The gun is almost boringly accurate. I've had it for about two years, have put at least 2000 rounds through it, and have not experienced one jam, not one failure to feed, not one failure to eject. Bottom line, it is a superb handgun.
On some of the other forums that I belong to I constantly see threads in which people talk about their ideal 1911 or debate the merits of custom made or nearly custom made guns costing upwards -- sometimes way upwards -- of $2500. I paid 800 bucks and loose change for my Smith and I can't conceive of an innovation or change in equipment that would make this gun shoot more accurately, operate more consistently, or be more comfortable to shoot. And, it's damn pretty, too!