Seems like a decent price nowadays. I absolutely love the Norinco 1911A1's! I own 5 total. I paid less for them but that was a long time ago and all things Norinco have gone up in price and value. Two are still NIB and the others are like-new to VG condition. Whenever I go to the range, my Norinco 1911A1 is always there with me, along with whatever else I plan on shooting. 4 are blued and one is Nickle? plated from the factory. I never really knew if they're nickle or chrome plated. The only issue with that one is that the mags they sent with the nickle plated one didn't plate well and had the plating peeling off. I just bought more of the stainless Wilson Combat 8rd mags to go with that one and I'm more than happy. The plating on the pistol itself is top notch with no issues at all.
I bought Pachmayer grips for mine and used Wilson Combat full-length guide rod and spring, recoil buffer, and both Wilson Combat and Chip McCormick 8rd stainless mags in them. They work great! I have Wilson Combat barrel bushings that I will have a gunsmith fit to my pistol and it should be as accurate as I'll ever need it to be. It's fine the way it is. I just wanted all the help I could use for keeping it consistent. My 1911A1 is the one pistol that I consistently use to practice with.
I have all sorts of .45acp ammo and I've not found any that the Norinco doesn't feed. All of it feeds and ejects great. Just make sure to use quality mags!
I'd always heard the stories that the Norinco 1911A1's were made from some good steel (railroad track steel is one version that I heard) and that Colt didn't like it because they were better in steel quality than the Colt 1911's. A lot of people were taking the Norinco's and making competition pistols out of them because of the steel quality. Now, I have no idea if any of that is true. I just really like the ones I have and have no need to "upgrade" to a different brand. If I want to make it better, I'll make these "better".
Hope you get it and enjoy it! Have you offered any less for it? Always worth a shot, anyway.