What im trying to accomplish is to buy a higher quality 1911, But not sure if it should be a 3" or 5". ... Which many will argue me to death about but, Its my choice and comfort not yours (To the people who say year round carry with a 5" is no problem). ...
I don't shoot much for enjoyment due to ammo costs, But i still practice regularly. If i shot more for enjoyment the 5" would be my easy choice.
After reading the entire thread, I'm still not sure what motivates you to consider moving from 5" to 3"...If the motivation is to reduce weight, an alloy-framed 5" (or even a 4 1/4" Lwt Commander) would really reduce the burden. Extrapolated, a Lwt 3" would really carry well, but shooting it well would require consistent and constant practice. A Lwt 3" gun will have the three worst features inherent in short guns--short sight radius, low muzzle energy, and the severest recoil available in the platform. If concealability under sparse clothing is the main issue, the shorter frame on a 3" won't help
that much.
It doesn't seem to me that your objection is weight--you carry a 5" the rest of the year. With that in mind, I'm in the group that would suggest a lightweight CCO--4" frame on an alloyed Officer-sized frame. The alloy frame coupled with a chopped slide should reduce the weight to ~29 ounces without giving up a lot of sight radius. A steel 3" will weigh as much. If grip shape is an issue, you could get the grip rounded; from personal experience, I can testify that that feature alone really helps hide the CCW. (I carry with shorts and a T-shirt all summer long.) I'm in Mississippi--for 2 1/2 months of the year, it's 90* and >80% humidity. "Feels like" 105* is the 'term' here.
There's not so much difference in recoil between a 5" and 3" gun--if you're used to a 5" 1911, I certainly wouldn't describe a 3"s recoil as 'intimidating'--most 3" guns have a dual-spring system that really soaks up recoil surprisingly well. The main differences between the two are sight radius and muzzle velocity. For self-defense inside ~5yd, that 3" won't lose much worth mentioning, but I wouldn't want a 3" much beyond that distance. Fast "point and shoot"ing really suffers at 'long' distances with a 3".
Lastly, if you intend to shoot for recreation (be it bullseye or IPSC-type shooting), a 4" or 4 1/4" isn't too much of a step down from a Govt 1911. I know you stated that currently, ammo prices are prohibiting you from 'play', but that situation might change someday, and in that case, you might enjoy a bigger gun than a 3".