"Best" is way too subjective a term. A lot of people like to think Kimber is an all-around best, but, personally, I don't think a pistol that price should use metal injection molding parts for their internals. For an all-purpose 1911, I'd probably go with Springfield Armory. For competitive target shooting, my choice would probably be the Colt Gold Cup.
I would recommend avoiding the Sig-Sauer 1911s. And this is difficult for me to say, being an extremely devout fan of Sig-Sauer, but their 1911s were most definitely not up to par. Every customer who came to me with one had to have burring removed from the frame rails, and the finish left much to be desired.
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