Higher end 1911's ....especially from Wilson Combat ....are sure not unreliable...../ overpriced, well I guess that depends on your perspective of value.
I think of value over the long term...and Wilson Combat, as an example, warranties his guns for the life of the gun, even if you buy it used...and they are quick to fix something under warranty and return the gun to you - paying freight both ways - and while I don't expect them to break in 40,000 rds ...I did have one break an extactor and it was covered 100% under warranty / and it was shipped to their plant in Arkansas and returned to me in less than 10 days.
To me - value is ...how smooth does the gun feel after 25,000 - 50,000 - 100,000 rds ...translating to how well it was made and tuned, quality of the internal parts..does the finish hold up..all of those little things that matter - and create value too...
The bottom 2 guns in this photo of some of my 1911's ...both wilsons ...bottom one is a 5" CQB model in .45 acp, the other is an all stainless 5" Protector model in 9mm ....both were 100% reliable right out of the box new. The CQB is my primary carry gun ....and it shows virtually no holster wear ...with the black Armor Tuff finish on it ...the stainless gun has over 40,000 rds thru it and is my primary range practice gun made in 9mm.
Yes, they're expensive these days...around $3K each now ....but they're worth every dime to me...!