I'm with Muss Muggins, as long as there is not a "lubrication" or corrosion problem. As Muss said, there will be scholarly input on this side, as well as on the other, and anecdotes on both, also. My anecdote is second hand, from the gentleman my uncle's age who gave me a rather unusual H&R Model 195. He was given a 1911 magazine brought back from the first World War by a vet who thought he was also bringing back a 1911, only the pistol itself somehow disappeared before he could get his hands on it. Anyhow, my friend eventually got this fully loaded (7) mag, and, in the fifties or sixties, stuck it into a 1911 and proceeded to fire all seven rounds without a hitch.
I don't know much about metallurgy, but I'm pretty sure that Colt does.