Need help deciding on a new project

[Butterpuc]

I have been contemplating what gun project I would like to work on this year. I'm not saying that every other gun project I have started is completely finished, because they aren't, there is always an inevitable sight change or trigger job...

The 2 projects I am considering are 1) a suppressor and 2) a 1911.

Since I didn't spend ~$1300 on a shotgun this month, I already have a little gun money saved up and it wouldn't take long to pool up a little more to make another purchase, say by mid summer-ish...

I would like to get some pros and cons from the users on here. From both people who have and have not purchased suppressors, and why?

The suppressor will most likely be a Huntertown Arms Kestrel 5.56 and they cost $499, plus sales tax, plus the tax stamp, should come out to $750. I have heard it is best to setup a trust for this class III item, that way it can be handed down, but can it be handed down beyond my children when that day comes? How much does it cost to set up a trust, pay an attorney? $200? If so, that basically puts my out ~$900-1000, and wait 8-10 months very impatiently for all the paperwork to go through

The 1911, it would be either in 9mm or 45acp. Probably a Springfield Trophy Match in 45acp or try to find something similar in a 9mm. It seems to be basically ready out of the box, probably change the front sight and grip panels fairly quickly. They seem to be around $1200, plus 6 magazines, holster, mag pouches, plus sales tax, and maybe a transfer fee... probably going to run ~$1600-1700.

My concerns are:
1) Would I really enjoy shooting a suppressor? Would I even shoot it enough to justify owning it? When I go out to the range now, for fun, or training, I rarely take my AR with me. I generally just take a pistol. The one absolute benefit I see with have a suppressor is being able to use it on the AR for Home Defense, however, with Peltors I figure I could use my AR for Home Defense although everyone else (family and bad guys) in the home may be deaf.
2) I know I would enjoy competeing with a 1911. I have really enjoyed shooting this past year. Back in late 2009/early 2010, when I first started, I was hooked. Then came a couple of years, when work kept me from shooting, but now I'm mostly back and enjoying shooting again. My son really doesn't seem to care much about pistol competition, but my daughter (12yrs old and very small stature) is showing promise, but no guarantees that she will be a pistol shooter. Which is the reason for deciding between 9 and 45. I'm thinking buy a 45, setup my Ruger 22/45 Lite to be similar to a 1911. There was a nice setup from Cylinder and Slide in a magazine a while back that looked really nice. Then in 3 years talk my wife into letting me buy another 1911 in 9mm for my daughter...