What is wrong with Colt, They don't like civilian gun owners, they are union run, so their products are high, they love contracts, why sell to the huddled masses 1 at a time, when they can sell thousands to the military of the world, except when FN is kicking their butt on bids to those same military.
I don't like Colt DA revolvers, the sleek ones like the Python and Diamond back have 2 weaknesses for self defense, V spring ignition #1, not reliable for hard primers, #2 spindly thin ejectors, if you have a hard to eject case, and you bang the ejector hard to get the empties out, it WILL bend. The less than sleek, Troopers, Anaconda's with coil spring ignition are bricks, they cannot be lightened reliably and have the same thin ejector rod.
As to accuracy, they do have a well earned reputation, due to good barrel manufacturing and their 1 in 14 twist, they shoot well with lead and jacketed bullets, Smith and Wesson uses 1 in 18 twist, and will shoot slightly better with jacketed bullets, both will give accuracy equal to all but the most accurate shooters ability. The Sleek pistols as I call them are beautiful, and I have owned them, still have an ancient Colt Agent .38 spl, because I shoot federal ammo, and it cost me a hundred bucks, it packs well, and has 1 extra shot compared to a J frame, and is about the same size as an SP101. It is my airport gun, if it gets stolen of course I would hate it, but I would only be out a hundred bucks.
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Now series 70 1911's are great pistols, and can be fixed for any problem, as is, good accuracy, and great dependability with ball ammo, every other 1911 manufacturer is making this pistol with good results, only a few are using the firing pin block of the series 80, a completely unnecessary feature IMHO. So the only reason to buy a Colt is because you want one, most of the others will be just as good. If you want a custom 1911, best to start off with the least expensive and build up, although there are some really good ones that have a lot of desirable parts, at a package price that make sense.
Colt AR15's are well made, and not that long ago, were still on top, but with CNC technology, and great CAM/CAD engineers, no more, and Colts do have the sear block, ( a portion of the lower that is not milled out, to take an auto sear. ) and the large pin holes to make it harder to install M16 or M4 parts. This is not a big deal to me, as I don't plan on making a FA rifle.
Something that I did not mention in Colts desirability, is their bluing, Top of the line for sure.
Their SAA's ( the expensive ones ) are still great, and you will pay the price.