I am the "profiteering" Dealer that the other two posters mentioned. I retail the Wilson, Brown, Novak, Baer and any other custom gunsmith that I can lay my hands on who is "reputable" and have for about 7 years and have about 500 of the custom or high end guns pass through my retail operation. I only say this as a reference and not as any authority. I only reflect what my customers say and what has sold the best with the least back up.
This is non-commital I realize but there is no best as there are devotees to all above and many others.
Each one has there share of fans, press, and well built handguns.
Each one to include the one man shops have had their a "whoops" or two. Some more than than others
Sales drive the train. Wilsons are doing better than the Baers. Browns have equaled and are now passing Baers in sales for me. But Brown is much more expensive. Much more expensive.
One of the other posters mentioned the use of the word "custom" and how some readers have a coronary when used on a Wilson, Brown or Baer.
What all do is offer a "package" that is built so the buyer who is not the "expert" in the what fits his needs gets a good product and before the demand far exceeded the available supply gets his/her gun in much less time.
Wilson now has a 7 month lead. ArmySon mentioned Ed Browns time. So guys like me risk our hard earned money to get your hard earned money by ordering custom packages we (the retailer) are betting you (the prospective buyer) will buy because you don't want to wait. Price is the same as theirs.
One of the posters mentioned Wilson uses only Wilson parts. Of course Wilson needs to stay in business. Brown uses only Brown parts and the same is for Baer
If you want the gun built with a Brown beaver tail, stippling, barsto barrel, Wilson tactical ambi, McCormick wedge mainspring housing, and have the barrel full ramped with Heine Sights and a Novak front sight. That niche is filled by the one man shops. Brian Bilby, Dane Burns, Wayne Novak, Mark Morris, just to name a few.
I hope I haven't thoroughly confused you but if you have other question email off of the website or off of my profile as listed.
Just remember you get what you pay for front end or back end.
Terry Peters
http://www.pt-partners.com
P.S. This is a plug for another forum but you can get 1911 specific questions answered on the 1911 Forum.
www.1911forum There is individual section for each individual maker.
There is even a seperate section for gunsmiths where you will hear about specific question or horror stories as you seem to be trying to find out.