I've got one -- that came to me by way of a respected 1911 gunsmith, who claimed that the Stoeger Llamas (unlike later ones) were well made with a high level of attention to detail (as demanded by the importer). I had to replace the hammer and sear on mine -- which was fine, as you can use standard 1911 parts if you replace both, but if you're replacing just one or the other, you must use Llama parts. I'm told most other parts are compatible, but I'm not expert. Mine shoots well.
Well, made, accurate, reliable, HEAVY. But $300 is probably $100 too much, and you'll have a hard time getting your money back if you ever want to sell it. (Mags for the 1911 Colt will work, but if you can find Llama 9mm mags, they work better.) Pachmyar made rubber grips; I found a set.