The PT 1911 is an excellent pistol and a joy to shoot. As you know, it's very full-featured and all the features are well done.
I got mine early on, before the latest round of price increases so I'm into it for less than half of what an entry level Kimber costs. To me, the Taurus is a huge bargain.
It shoots very well. The first time I ever shot it was at my CCW class. I had already qualified with a different pistol and they just let me plink with the new one while the others were still working. Using the standard LEO silhoutte target, I decided I would aim for the round "seal of approval" in the upper right corner that certifies it as somebody's official target. The circle is about 3" in diameter I would guess. Anyway, the first two mags I shot out of that gun I shot at the circle from 10 yards (yeah, it's close, I know) an ALL the rounds were grouped well inside the circle, probably 2" group at best. That was the first time I picked it up, never used Heine straight 8 sites before either, using 230 ball MagTech. I've shot it some more at different ranges and I am more and more impressed. No FTF so far, using maybe 5-6 different brands of ammo with various bullets, probably 1000 rounds through it. I have to settle down and do some shooting from a rest to see just how good it is vs my induced errors.
I have no problem recommending it. Just a shame they're ramping up the price. At $650 it's not the deal it was for $400 but it's still a great buy IMO.
As for your Taurus, they're all lifetime warranty. They would have put in a new barrel for free if you shipped it back to Miami. That's another thing I like about them.