I was in a similar situation. I thought about the SA TRP's and LB's but I was pretty lucky to find a nice used SA Professional for the price of a new Les Baer TRS or Premier II. I'm thrilled with the Pro and I couldn't ask for a better 1911. If you put a WTB ad over at
www.calguns.net someone might want to part with theirs. Its a long shot and it might cost a little more but why not? With that said, whenever I see someone shooting a LB (usually a TRS or Premier II) at the range I ask them how they like theirs, the first reaction is a huge grin on their face. That speaks volumes about LB's.
I agree, the LB Premier II's and TRS's seem to be about the best choice in that price range for those who don't have the patience for something like a Yost/Bonitz. The great thing about a "true" custom though is the fact you can pick and choose the options. Valtro's are supposed to be great too. But the wait can be 2 years or even more. I called a shop up in No. California about one recently. They told me they had one in stock and its $3200.
I have read a few problems with the LB Commanche length guns though. But that's why I always try to stick with 5" 1911's.
Once you own a premium 1911 it really is kinda hard to go back to shooting the "regular" ones. It really is. That can be a good and bad thing.