You are going to get lots of answers.
Heh heh, indeed you are
3.5 Bullseye with a 200 grain SWC. Should be in the low to mid 600s. I don't know of much lower than that.
Yep, I landed at 3.4 grains with my 200 LSWC's. 662 f/s through a full-size 1911. 12Lb recoil spring. (The Colt I'll mention below.)
I also worked with the super fast propellants of Nitro 100 and VV N-310:
3.0gn N100 = 704 f/s.
3.2gn N310 = 678 f/s.
With all these, I tested even lower charge weights, but the soot and unspent propellant scattered about was just more than what I consider acceptable. The Vihtavuori N-310 was the cleanest.
Back story: I have a Colt 1911 'Series 80'. Purchased new in 1984, it was my first semi-auto. I really liked it and shot it a lot - a lot - for a couple decades. I probably have about 20 to 30K rounds through it - maybe more. These days, my old Colt is in a state of semi-retirement (I have a Kimber now that is my 1911 "beater" gun. I run it hard.) and the above-mentioned ammo is all I feed it these days.
About the press: I strongly recommend a single stage - especially for a beginner. I used only my RCBS (the brand I recommend) single stage for 31 years. It served me very well and couldn't be happier with it. It's still operational and runs like the day it was made. It was only until 2015 when I moved to a progressive.