The SIII has the same sight radius as the Ltd., though it is a straight barrel instead of bull. The basepads on the Ltd. don't give much increase over stock, so they will be replaced with Henning or TF anyhow. If you intend on replacing the trigger with a Henning straight, that cost is a wash too. The SIII is blued not chromed. If you get the SIII, you are giving up the finish, bull barrel, & mag well, extra springs & sight. Depending how well you can buy the Ltd., & what those things are worth to you, it might be worth it to pay the extra $200 for the Ltd..