Para's are the most common 1911's used in competition shooting in my area. Everybody not carrying a custom Wilson or STI shoots a Para for USPSA/IPSC. There are at least 4 masters that I've seen shoot them in local comps. They've won quite a few matches in my area, as well as some national matches in the hands of good shooters.
I've worked in gun shops for the last 6 years (two smaller shops + a Gander Mtn) and have only seen two with problems (out of probably 30 I've seen sold out of the various shops). Both were the fault of the user, and not the firearm. (one was poor marksmanship, the other was a part swapper that didn't know what he was doing and managed to goober up an LDA trigger).
I've personally owned three, a 1445 LDA, a 745 LDA, and a 1445 single action. Out of the major brands of 1911 manufacturer's, (Colt, SA, Kimber, S&W, Sig, Para), the only two I've ever owned that would run right out of the box and keep running past 5k rounds without parts swaps were Para's and S&W's.
I've not seen the problems that others say para's have. I have yet to actually see one that actually had problems. I have howver, seen quite a few run for quite a few rounds without any malfunctions.
PS, I find it VERY hard to believe that a Para Employee would say their guns are crap.