OK, I couldn't wait until the weekend so I took a couple hours off work this afternoon.
This is a very sweet shooting 1911. Sent 100 rounds of 230 grain FMJ downrange at 10 yards, off hand (yeah, I know, 10 yards - I'm a wimp). No problems at all.
The very first round was dead center in the bull (no lie - really). The others were mostly grouped in about a 3" ragged hole slightly low and left (about 1/2" low, 1" left of center). Yes, there were 6-7 fliers that were my fault, but all in a 6" circle. It has adjustable sights, but I want to get a bunch more experience with it before I start messing around with the adjustment. Practicing with the MK III 22/45 should help with the fliers.
Felt recoil was a bit less than my 9mm XD, much less than the LCP (at least in snappiness) and no finger sting! The 'boom' was significantly bigger than the 9mm. Gotta say, this is a keeper and will likely be my favorite centerfire range gun.