Don't hessitate, JUMP!
It's a fine gun, and unless you plan on making a mega hobby out of shooting your 1911, it will suit you well for years to come. Like anything though, the more involved you become the more features you will start to look for in any given format. My first 1911 was used, with very low mileage. A year later I upgraded to another used 1911 but this time I coughed up $1200. A year later, I bought a competition model and spent the big bucks. I can in fact outshoot all my previous versions with the high dollar model, and no, it has no bling bling, just in your hand gunsmithed perfection. The reality is, when I started shooting 1911's I wouldn't have appreciated a high dollar gun as much as I do now. As your experience grows your sensitivity to the machinery hones as well, and soon enough, you will start having higher expectations of you weaponry then an entry level model can deliver.