A 5" 1911 isn't ideal for carry. Mind you, I carried one for a while like that, but found better options.
1) Size. A 5" barreled gun is slower to clear leather and if carried IWB it protrudes pretty far down your pants. If carries OWB, you need an extremely long cover garment.
2) Weight. Mine was an aluminum framed gun- it wasn't too bad with a good belt and holster, but the steel ones are 10 oz. heavier. That's a lot of weight.
3) Sights. Those target sights will rip holes in your cover garment and adjustables can get knocked off alignment (although, IMO, that's the least of reasons to me). Better something that isn't likely to snag.
Could you carry one? Sure. In my opinion, there's better options that are also plenty accurate and reliable. Nothing against the RO, but it wasn't intended as a carry piece. It can do that job if needed, but I think there's options that may be more livable.