I don't know if it's MIM or not.......15 years ago I didn't check, but I built a 1911 for a good friend on a Springfield Armory frame and slide using all internal parts bought from Chip McCormick. The gun has well over 20,000 rounds through it since then and has been refinished twice due to surface wear and the parts have held up. My first 1911 build was on a 70 series Colt with the same McCormick parts and it has around 10,000 rounds through it with no problems.
However, if I were to build a gun from the frame up right now I'd order forged or machined bar-stock parts from Ed Brown, Cylinder & Slide, or other top names sold by Brownells or Midway. Mainly because, as TAB stated, MIM is easy to screw up the surface hardness if you have to file on it and can be prone to brittleness if it has porosity issues with a batch or run.
I believe someone on here posted a big name 1911 safety that had broken, but I can't remember the brand. I think it was Alf that posted it, but I'm not sure.