Like all things in this world, it depends.
IMHO, the CZ 97B is a very good pistol, but limited in its applications due to size, weight, grip, etc. The factory mags will cost you $30.00 apiece, or more ($30.00 from J&G, plus shipping). Of course, if you buy Wilson-Rogers magazines for 1911s (highly recommended by many shooters), you will pay a similar price. Also, because the CZ comes in a SA/DA configuration, the SA trigger will never be as crisp as a good quality 1911.
(NOTE: A reputable gunsmith once told me he could make a CZ trigger comparable to an average 1911. He practiced on my CZ 75B. After several tries, he gave up and ate all the parts and labor bills to get my CZ to factory spec. As it didn’t cost me a cent, I didn’t mind, but learned a lesson in the process.)
The Springfields have a terrific reputation, especially those that come from the custom shop (more on this in a moment). The stock pistols are very good. Several friends of mine own them and swear by them. It’s a real pity that a fine firearm made in Massachusetts may not be sold here under current law (it’s considered “unsafe” by the damned Attorney General – don’t get me started). The “loaded” package is a good competitor with the Kimbers and other good medium-grade pistols (i.e., $600-$1000); they shoot well right out of the box.
If you want to upgrade a Springfield, you have the option of sending it to their custom shop for tuning, even if you purchased the pistol years before.
To wind up my long-winded spiel: If you have a good 1911 already (e.g., Kimber, Colt, Springfield, Wilson, Rock River, even one of the new Smith & Wessons or the newer Sigs), then consider buying the CZ; it should cost no more than $500 new. (I bought mine in 1998 for $400.) If you do not have a good quality 1911, buy the Springfield.
As for me, I purchased a good Kimber before I bought the CZ
If you want a 10 round .45 ACP, then you might also consider a Para Ord. I have no experience with these.
I hope this helps.