I waited, saved my coins and bought a Browning Hi Power. Got a mil-spec early Belgian MkIII and had a trijicon front, Novak dovetail rear, and Cylinder and Slide no-bite hammer and wide trigger installed in it. One of my favorites and the ONLY autoloader that i owned for many many years.
If you don't want to spend the money on a browning then i guess it would be a toss up between a FM and one of the older FEGs. I have been told but do not know for certain that some of the new FEGs have redesigned internals and do not take all the BHP parts. Cylinder and Slide has built many custom Hi Powers on FM and FEG guns so they can't really be that bad.
The Arcus is just plain hideous in my eyes and i could never own one. Sorry, it may be a great gun it it is not a Hi Power to me.