I have just over 3000 rounds thru my Taurus 1911, I love this gun, for the money, I have yet to see a better unit. that being said, there is one thing I wish they had done differntly, the series 80 type firing pin safety, I do not like them and that is personal, I have had no failures, and to test it, I took it out of the box, thoroughly cleaned it, added a set of Hogue wraparounds and a Wilson mag chute, I shot 50 rounds to get the feel and sight it in and then shot the IDPA state match with it, I got 5th in the state in my division, with no failures from that day to this. In my opinion, the next best out there is the Armscor for the money but the Taurus is by far the best for the money.
Just my .02. From what I understand everything but sights will "fit" but I have found no reason to change a thing, just add the grips and the chute.
Jim