Ok... here goes...
Colt M1911:
- U notch sights
- Flat Mainspring housing
- Long trigger
- Long hammer spur
- Shorter grip safety
- "Solid" frame flats
- Walnut double diamond grips
- Blued finish
M1911A1:
- "improved" GI sights
- Arched Mainspring Housing
- Short trigger
- Shortened hammer spur
- Longer grip safety
- Scalloped frame at flats behind triggerguard
- Plastic checkered grips (on most)
- Parkerized finish (on most)
I usually forget something, but that's the gist.
The closest thing you can get to an M1911 is the Colt WWI repro, which is still not the real mc coy due to series 80 components (shorter hammer, firing pin stop plate, for example)
The closest thing you can get to the M1911A1 is the Springfield GI pistol. If this has the ILS locking system, all you need is a parkerized MSH with lanyard & vertical serrations, as well as a plastic set of grips and you have the closest thing to the real deal.
Colt makes a series 70 reissue that closely approximates the commercial 1911 that was based off the M1911A1. The difference between the S70 repro and the M1911A1 is the finish (available in blued or SS instread of parkerized), the "improved" improved GI style sights (GIs were a big improvement over the U-notch but they were a far cry from perfect), Rosewood double diamonds instead of checkered plastic (unfortunatly theirs is usually so ugly I'd take the plastic) and finally, the series 80 parts like the hammer, extractor, and firing pin stop plate (although it has S80 parts it does not incorporate the S80 safety... it still behaves like an S70 pistol).
- NO M1911 or M1911A1 had a lowered/flared ejection port. This was a hotrod custom tweak that became a mainstay on modern 1911s like SAs, Kimbers, "performance" Colts, etc.
- If you have no idea what the S70/S80 business is, see the sticky tacked on top of the 1911 forums.
- Edit: the 1991 is NOT close at all. In fact it is one of the furthest 1911s you can get from the real thing. There is no lowered/flared port on a real M1911A1 (don't know if the 1991 has one but that's a mismatch if so). There is no firing pin block safety (AKA series 80) on a M1911A1, but there is on the 1991. The sights are different, and it has the long trigger/flat MSH configuration of the M1911, not the short trigger/arched MSH of the M1911A1.