I'll echo the sentiments of modifying the old Colt. Here's what you need to change just so you'll know:
Slide
extractor
barrel
barrel bushing
recoil spring
ejector
magazine
Obviously the mag is pretty easy and the complete slide is an easy swap. The ejector though is the protrusion on the top of the frame that's fixed in place. If you swap it out, you won't be able to go back to your original .45 slide. So if you're looking at a multi caliber gun, you're not going to get it. It pretty much is one caliber or the other.
The price of the parts alone would be very close to just purchasing a complete 9mm 1911-type. The market isn't that big, and the price on them is usually either low or can be lowered by waving cash. Plainly put, it isn't cost effective to switch your 1911 over.
If you're thinking about a gun that you can shoot either .45 or 9mm out of, look at the Commander. The Commander ejector is the same shape on all calibers, so it is possible to build a slide swapper out of those. If you go that route try to get the 9mm as the whole gun. .45 parts are easier to get. Be aware that sometimes the ejector itself has to be fitted for the gun, and the claiber because of the angles involved with batting the case out of the gun. Usually it's not any problem, but if one caliber has ejection problems, you may have to have the ejector worked on to spit out both calibers.
You can assemble a full size swapable gun if you use the 9mm ejector and either modify the slide to fit the different shape or get a slide made that way. In the end, going that route, you spend more than just keeping your 1911 in .45 and just buying a 9mm govt model.
Ross