its fans would squawk at me for saying it, but well, it is a lot of trouble. I fitted a Safari Arms barrel to a Colt 1991.
If you subscribe to the idea that velocity is king, and 155's at 1350 fps are better than 230's at 900 fps, then by all means grab a barrel and start filing.
Here's an old thread at 1911 forum - which I posted on a couple times, that details some of the headaches:
http://forums.1911forum.com/showthread.php?t=143607Corbon has (or had) some fairly good notes about handloading the cartridge. They also explain that you want to start with factory .400 CB brass, made by Starline, which has a small primer and correct neck thickness.
The real challenge comes in trying to handload it, as it is very difficult to get the bullets tight enough to stop them setting back in feeding, which of course is potentially dangerous for pressures. Factory ammo comes with channellured bullets, and the case mouth is crimped in the channellure to prevent setback. It is not easy to find aftermarket 10mm bullets with such channellures. In the end I was successful when I turned down the case expander ball to .392 dia, tumbled brass after sizing to remove lube from inside the case neck, and then strongly taper crimped the bullets. It did shoot well, with those caveats.
I have a couple different 10mm's, which are far less fussy to load and shoot.
It is true, though, that the gun ran very well with light, subsonic loads of 135 gr bullets, which is a reasonable way to reduce the recoil of your .45 cal 1911. A barrel & dies allows one to duplicate 9mm ballistics, at less cost than buying a complete 9mm pistol, or a 9mm 1911 top end.