I had a LTC about 5-6 years ago. Bought it within 30 days of buying a Les Baer TRS Comanche so I shot both side by side a number of times over the next year. Reliability wise they were equal. Accuracy wise I am sure the Les Baer had the edge but in my hands they both shot equally.
The finish on the LTC was not very good, the hard chrome on the TRS was much better of course. The fit on the TRS was of course much nicer, almost too tight really IMO, but much nicer no doubt.
No issues with the LTC while I owned it. The TRS has the ejector mushroom as the slide beat the crap out of it, I filed it down and it was fine after that. It did not cause any reliability issues.
All in all I think the $500 for the LTC was a equal value to the $2000 for the TRS. I ended up selling both as neither really ever attached themselves to me in that special way
Also owned as Warthawg that I was pleased with. Fat little guy but a good guy no the less.
I am not in the market for a 1911 but if I were I would not rush towards a Para but I would not rule one out either.