Bought my W. German P220 nonrail (1994 dated) folded slide with 3 mags for $449. Had some surface wear but looked hardly used inside. I carry Sigs for CCW because I like their Da/Sa decocker system to carry chambered and decocked and ready to fire by squeezing the trigger.
Day one I was shooting the lugnuts off of junk plastic wheel covers from 20' away just like that. The factory plastic grip panels made the gun feel cheap and plasticy and a set of Hogue grip panels (no finger grooves) made it feel like an extension of my hand. It feeds anything I give it, lead, jacketed, HP, plated, no hiccups.
Recoil is less than one would expect for a full power .45, less than my G21 for sure.
I advise you stick to MecGar or SIG magazines, identifiable from the "zipperback" appearance of the seam. The 7-rd and 8-rd mags are interchangeable.
I would call this the best value for an out-of-the-box .45 out there, especially the Sig CPO factory-reconditioned models.
1911's you can customize and accurize and spend three times the purchase price to get a gun as reliable and accurate as an out-of-the-box Sig P220.
Of course, you can take a 1911 farther in whatever direction you want than a P220.