The PT1911 is the only 1911 I own. My experience with them is limited to shooting those owned by others and two decades of qualifying in reserve units. So maybe I'm not a good judge of the pistol. I'm sure, if money were not object, I can get better 1911's than the Taurus. How does it stand up to a few simple criteria?
Firing cycle (feed, fire, eject): So far it has done that without problem. I haven't seen any sensitivity to ammo on the cycle. (I have observed that on other pistols.)
Accuracy/consistency: The sights are different than most pistols I have experience with. Took about a mag to adjust to them. POI is POA. Except for one box of Independence ammo, if I am consistent with shooting mechanics, the pistol will knock the center out a target at 15 yards and will do reasonably good groups at 25 yards. Any inconsistencies are due to the shooter and not the pistol. I have a Walther P22 that is erratic and an S&W M&P that I don't shoot as well as I'd like. I was able to shoot the PT1911 satisfactorily by about round 6.
Trigger: Darned good and I like it.
Fit and finish: The parts fit well. The finish and durability could be better.
Long term reliability: I can't judge that, haven't had the pistol long enough.
Summary: Excellent shooting pistol. Shoots consistently. Good-to-excellent trigger. Great buy for the price.
I have no doubts I can get a better pistol. The doubts are how much better for my shooting will I get for 2-5 times the price? I'm not sure I'd see enough "better" to justify the expenditure.