I don't have a Taurus 1911, but I do have the PT140 and a Springfield Mil-Spec 1911. I like both guns but IMO the Springfield is a superior firearm. Not one hiccup in 700+ rounds.
The Taurus .40 is a new purchase and has only about 200 rounds through it. Although I have not experienced any failure to feeds or jams I have had several "light strikes". It's kind of annoying to pull the trigger 3 or 4 times before the round fires. For now, I'm attributing that to the break-in period.
I still like Taurus (especially their little .38's), I just think for a few bucks more, the Springfield 1911's are worth it. Especially considering there are several "no frills" 1911's from Springfield that are comparable in price to the Taurus. (GI issue and Mil-spec parkerized)
But, I haven't shot a Taurus 1911 so what do I know? (=