Personally, I have seen far too many instances of people having to use Taurus' warranty to put much money into one. I am not an anti Taurus snob; qc problems are the same reason that I used to recommend that people not buy Colt 1911s and King Cobras when I sold guns for a living. We had the highest rate of returns / warranty problems on Taurus automatics, Colt 1911a1 variants and King Cobras and Walther stainless PPK/s. Your mileage my vary.
I had VERY good luck with some late '80s / early '90s vintage guns, but have been disappointed in the QC on the last three that I bought and returned them to the stores after several attempts to get them fixed. I would not buy one of the current production guns. I have seen literally thousands of Glocks, Berettas and Sigs that worked flawlessly out of the box, and see no reason to buy a gun that may have to be sent off to be repaired to make it work right.
If it is a pre-decocker, frame mounted safety gun, then I would buy it as long at it was under $300-325. You say that you are a 1911 guy; do you plan to carry it cocked and locked? The Taurus decocker safety is not a perfect design for this, because on the guns that I have shot, it is very easy to hit it and go from safe straight to decock. If you don't have giant thumbs, this may not be a problem to you, but it bugged me to no end.