I have a friend with a straight-out-of-the-box Ruger SR1911 and that thing shoots better than almost any 1911 I ever shot, and certainly in the price range.
Don't know if his SR1911 is one-in-a-thousand or they're all like that, but IF I was looking for another 1911, the Ruger SR would be the first one I'd look for.
Mine shot great right out of the box. I did a lot of research before before I bought it. I read there are good ones and not so good ones. When I bought mine, the gun shop had two, I picked the better of the two. Mine is real tight slide to frame, barrel bushing is tight and most importantly the barrel locks up like a vault, the trigger was clean and crisp as well. The other one was pretty sloppy and had a gritty hard trigger pull.
I also recommend a new front sight, I read a lot about the stock one breaking off.
If you are in the market for one, just check it out before you buy it.
On a side note I heard great things about their customer service.