I think the main reason why the BHP is not as popular as it should be is the lack of marketing and the publics current infatuation with plastic fantastics. And the fact that the HP is kind of a "tweaker" pistol. People who buy HP's usually like the mess around with them. It's sort of a niche market. My second fav is a Beretta 92. My father's Italian 1994 Inox is a very nice gun. The trigger is nice, but it has more takeup and is SLIGHTLY mushy compared to my HP. The break is about the same 5lbs where as my HP is probably about 6-7lbs. The Beretta is also noticably larger and thicker although it holds about the same amount of ammo. It is also not quiet as accurate as the HP, but pretty darn close from a bench rest. In the standing position the HP definately has the accuracy advantage with it's crisper trigger and better grip. Reliability is a toss-up between the two. I've had a couple Beretta's that I've put 1,000 rounds through each with no failures and my HP which I've put about 2,000 rounds through with no failures.
The BHP is my favorite carry gun as it's the perfect package and size for power, concealability (IWB), reliability and accuracy. True, many could use a trigger job, but on a defensive pistol you don't want a race gun trigger. The trigger as it came with my 1994 HP is very good. It would be nice to lighten it about a pound or a pound and a half, but it's very good as is. Much more crisp than 90% of other guns out there. As far as sites I prefer the factory white dot fixed sites over the Novaks although they are pretty nice too. I think that the 9mm is the perfect cartridge for autopistols. The only other one that comes close is the .357 SIG, but it is much louder and holds less rounds for only a marginal increase in power. The BHP will do 15+1 or 13+1 with flush fitting preban magazines and that's plenty for me. I usually carry with the 15 rounders. Excellent carry ammo for it is either Winchester or Federal 9mm NATO 124gr. (I prefer Winchester) or 9mm Winchester Ranger +P+ 127gr.
There is no other gun out there that slim with all the features it has plus the high capacity and quality. Grip safety? Who needs a grip safety??? I'll take 15+1 of 9mm minus the grip safety over 8+1 of .45 in the same sized package any day of the week. The 1911 does have the slightly better trigger going for it, I'll say that.
I still like 1911's, but I consider them inferior to the HP in most ways including reliability.