With a 5" barrel, the 1911 is optimum with 230s, at least in most people's opinion (incl. mine).
BUT: shorten the barrel up, and the 230s may not move fast enough to expand. That's why Speer for example makes 230, 200 and 185grain JHPs for 45ACPs...4" barrel, use a 200, 3", use a 185. Keep your velocity up, at the cost of some penetration (not a WHOLE lot).
Cor-Bon has a very nice 165 design that rocks in shorter barrels.
We have a THR member who actually had to use his 230s out of a short-barrel (3.5" Glock). He was using Speer Gold Dots as I recall, which is a SUPERB hollowpoint design, but they failed to expand (several good chest shots on the maniac who was definately about to murder him and several co-workers...this was a VERY clean shoot). The bad guy was "psychologically stopped" versus physically...the outcome was good but this was a definate "ammo failure" and the bad guy lived for trial (he'll never get out). The hero in the situation has since swapped ammo.
Lesson: JHPs are "speed sensitive", which means barrel length sensitive. Rule of thumb: 50fps extra for every inch of barrel, but that is NOT always accurate (75fps isn't unheard of, 100 isn't impossible depending on how fast burning the ammo's powder is). The same ammo that will work at 850fps may fail at 775...or if driven too fast (out of a carbine or monster-barrel handgun) may fly apart on impact and that isn't good either. Some JHP designs can take "overspeed" better than others and are preferred in situations with abnormally long barrels - the Gold Dot is good at holding together, the Hornady XTP is another "high speed compatible" critter. Whenever you have a gun with a barrel either shorter or longer than most in that caliber, stop and think about what you feed it if you're going in harm's way.
(This ain't just handguns, either, although that's where this crops up first for most of us. The US Military has been playing with 14" or shorter barrels for 223 rifles and it's had a big effect on ammo performance and effective range.)