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I'd say Bane covered the .45acp pretty well. I'd just add that you might stay away from 3" models until you get used to the caliber. 3" barrels are louder, kick a bit more and can jam (FTF/FTE) if you don't have a firm grip.
The 1911 is my favorite also. I've seen/owned AMT Hardballers for less than $400 and had Kimbers for over $1000. There's also 1911's higher end models for more dough, that I've shot, but have not personally owned.
I also have a Ruger P90 (love it), a Taurus 3" for CCW, and lastly, a Hi-Point. The Hi-Point is cheap ($165) and shoots damn good. However, it weighs as much as a new-born, looks cheap, and the grip sucks. But it gets the job done.
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