Yes, it's UP for fire, down for safe, and like my P85, I move iit up before holstering, off safe, and carry it like I do my KP90DC when I'm in the field, long DA pull to fire. Unlike my Ruger P guns, though, the safety is where it should be, on the frame like the Sigs have, very convenient methinks. I just think of the "safety" as a decocker without a spring. I provide that spring with my thumb. I carry all my weapons ready to fire, be they my revolvers or my DA or DAO autos, on the first pull of the trigger. I have no safety to worry about when I draw the gun.
I don't use my SR22 for cheap carry gun practice. I have molds, a lead pot, and dies and presses, one Dillon progressive, for that. I can cast and handload 9x19 or .38 or .357 or .45 Colt or .45ACP, etc, free lead out of the back stop at the range, for under 3 bucks per 50 rounds. What I use the SR22 for is fun, carry when fishing, plinking (that's the same thing as fun), and eventually I might get a rabbit or squirrel with it on one of my hikes in the woods, never know.
But, I really bought it for a fishing carry (replaces a zinc wonder, a Phoenix Arms HP22) and fun plinking.
Oh, and I have divested myself of 1911s, not really my thing now days. They're okay for a 100 year old design. I moved on. If I'm going to carry a 100 year old design, it'll be one that's perfected, a revolver.
I don't even like the feel of the grips on the things, too thin for their length. I could buy fat grips for one if I really wanted to, but I don't. But, it's also my love for revolvers that keeps me away from single action pistols. I like to keep it simple with the same manual of operations, at least on the first shot.