Lightweight frame 1911s handle just the same as steel framed 1911s of the same size, but they recoil slightly more with a bit more flip, since there's less mass and what there is of it is concentrated higher in the gun (the slide is still all steel).
They're much easier to carry due to the significantly lighter weight, every bit as accurate, but follow up shots aren't quite as quick (takes a touch longer to get back on target).