I bought a Stainless PT1911 when they first came out. I've only put about 400 rounds through it, but I've had zero problems with it. I'm sure there are better deals on 1911's for the money, but not with all the features that come standard on the PT1911. I like the bevelled mag well and as a lefty I love the ambi safety.
I, on the other hand, am one of the Taurus haters. I've never owned one, but I've worked on them in the shop at the range where I shoot. You might get lucky and get one that works, but you're gambling and the odds are heavily against you.
I've read the same thing about Kimbers and other higher end 1911's.