Thank you for your service tucker.
I have a $800 Remington. It is only as good as I am, which I believe is the case with most of us. The design is 100 years old. All patents have long expired. I believe also that the profit margin on the 1911s is higher than on most other models. That what overpriced is. Not the price tag itself, it is just right when someone pays it.
I cannot comment on your Colt. But how much does it cost to build a Norinco in PRC? It has to be their most profitable firearm this side of AK.