Depends on what kind of budget you're on, and what you intend to use the pistol for. The Elite series was designed for sports shooting, but I've found it to be a superior combat handgun then the standard FS or D models.
Being a G config, meaning it is only a Decocker, no external safety lays it out on the KISS agenda. The DA pull is between 9 - 11 pounds stock, and around 5 pounds in SA. That heavy DA makes it safe in a proper holster, so long as you are safe.
My duty gun/carry gun is the Elite II 92g. I had it customized by Ernest Langdon. He is THE MAN when it comes to the 9x series of Beretta's.
I had my Elite II's frame and smaller parts Teflon coated thru Ernest after he did a bevel job on the pistol. The slide and barrel of the Elite II are stainless, so they were simply beveled and beadblasted. The decocker was beveled too. 200 - 225$
I have Novak night sights installed, a .290 rear for "dot driving" style shooting. 125$
I had Ernest install a 4.7" custom fit barsto barrel and bead blast it to match the slide. 205$
I installed a spurless hammer in place of the skeletonized hammer. 42$
I had a Level II trigger job done which installed a new trigger with an over travel stop and polished the sears. The DA is now 8lbs, and the SA is 4lbs. 125$
I installed some black hexnut grip screws in place of the stainless ones i the grips. 5$
CTC lasergrips, the rubber wrap around type. 254$
I have some money tied up in it, but it shoots like a million bucks. With a good shooter and great ammo, it'll do sub 1" groups at 50 feet.
I have yet to wear the finish off of the frame rails or the mag well. Something I did on the first day with the stock finish. Absolutely no holster wear, and I broke in a Milt Sparks Improved Baker holster when the pistol returned.
You could install a stainless guide rod, but that is only a looks issue, and it is debatable on if it looks good in a Elite "1." Someone gave me a Harrts recoil reduction guide rod. I didn't notice any difference in recoil, but the guide rod looks nice. I wouldn't buy one though.
Pictures documenting my pistols work can be seen here:
www.beretta92.org/gallery/view_album.php?set_albumName=SteveLTTGood luck, great deal BTW.
-Steve