I just bought a PT1911 in SS. I've had no problems with it. If you do some googling you will see it has many great reviews.
Of course you will get replies here from the "experts" here saying to spend your money on this or that.
On some of the 1911 forums you will find people having problems with the ambi safety on the Taurus. I have not had that problem. If I do then Taurus has a lifetime warranty on there guns.
You will also find people having problems with the "better" guns on these forums also. Yes, even the high price guns have a few lemons in the bunch.
If you want to find opinions on the PT1911 go to
www.taurusarmed.net and you can ask those that actually own one and ask what they think instead of hearing opinions from people who only seem to judge a gun by the price tag.