If you want a cheaper option, the M88A and M70a are good options if you don't mind com-bloc. They are essentially a Russian "copy" of the 1911/Hi Power.
Umm, I don't think so. The Yugoslavian M88 and M70A are slightly modified Russian Tokarevs, which, in turn, shared only the main features of a swinging link barrel and recoiling slide with the original 1911, but were otherwise very different.
They share no characteristics with a Hi-Power.