Charles Daly 1911s WERE manufactured by Armscor in the Philippines. They are good guns, but the Charles Daly Company has been out of business for about two years.
I would rate Daly and Para perhaps about even on both performance and reliability. Paras may tend to be a bit more accurate, but unless you are into serious target competition I doubt you'll see the difference.
All things being equal (which, of course, they never are) I would choose a Para over a Charles Daly.