I have that exact gun, with an updated target trigger. It does need better sights, but is a terrific shooter overall. You'll be happy with it, i'm sure!I would like to thank everyone for their suggestions.
This is the pistol I am currently looking at
http://www.cheaperthandirt.com/2ARM51484FC-1.html
Rock Island Armory 1911 Tactical Rail Semi Auto Handgun .45 ACP 5" Barrel 8 Round Fixed Sights Parkerized Steel Frame Wood Grips.