The problem is that people want to have an easy to understand, go/no-go line in the sand... i.e. billet steel is good and MIM is bad, rather than to go deeper in their understanding....
There's good and bad MIM, and there's good and bad cast, and there's good and bad machined from barstock.
Then you have to look at the part being manufactured, and how it is used (stressed) in it's design function.
MIM slide stop or extractor...... definately not good. MIM disconector.... not automatically bad... I've read some of the top pistol smiths state that they prefer the Colt disconnector, and it's been a MIM part for years.
As for gunsmiths doing trigger jobs on MIM sears, it can be done with good results. But if the outer most layer of the heat treat hardened metal is removed by stoning the primary and releaf angles, the longevity of that trigger job will suffer. Then in a year someone will be badmouthing that gunsmith online and demanding that he fix their trigger job for free. So none of us should be surprised if these guys (whose livelyhood depends on their reputation) refuse to do work with any but the best quality parts.
But just because a part is machined from solid steel bar stock, doesn't mean that the metal was of good quality, or that it was properly hardened, or that it was accurately machined. On a dedicated all things 1911 forum recently, one guy (who runs a CNC machining business and makes patented archery products) posted photos in his build blog of a "tool steel" hammer, purchased from a well known semi-custom 1911 shop. The part looked like it was imported from China.... really lousy. Even with all the resources this guy has at his disposal, he couldn't salvage it to meet his personal standards.
If you want "the best....top quality" it probably won't have any MIM in it. But I'd argue that this is less because there are no 1911 part applications where MIM is appropriate and more because they need to be able to put the "no MIM" statement in their marketing info. to attract Joe consumer's $.
Cast is used by companies that can't afford a good MIM machine yet
I disagree with this statement and again would assert that "quality" investment cast by people who really know what their doing (Ruger, Brown, Caspian, etc...) can be top shelf and far exceed the best MIM and be on par with the best tool steel. In the same build thread I refered to earlier, the guy did a detailed comparison between a top brand investment cast thumb safety and a top brand machined from hardened tool steel thumb safety. In many respects the investment cast part was slightly better. Both were excellent (as evaluated by a "real machinist").
Another anecdote, Ed Brown parts are widely considered to be among the best and his Hard Core slide stop is investment cast (as is his extended thumb saftey). We're talking about a top manufacturer who sells all the $2,000 1911s he can make, as well as highly regarded parts.
Gun rags and the internet promulgate a lot of information. Not all of it is accurate. But even more likely, is that they try to simplify detailed information that can't be understood fully with a one paragraph explanation. Sometimes you just have to dive in deep.