It's a blast if you enjoy the process. It can get pricey if you mix and match frames, slides, and barrels from different companies that require excessive fitting. You will definitely shell out more money building your 1911 this way than picking out a decent top end package from a manufacturer. Springfield and Kimber are both decent pistols with alot of the favorite mods already done to their premier lines for a reasonable price.
About the best advice is to stick with a frame and slide from a good vendor like Les Baer or Wilson etc that has already been fit from their factories, and go from there. It's still gonna take a qualified experienced person to get the final product to be something reliable enough to stake your life on but 200 here 300 there, spread over a few months, isn't that bad really.
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