Really depends on what you mean by "target pistol." If you're going to be shooting bullseye pistol matches, its probably not the gun you want. If you're just plinking, its just fine. The only thing I'd worry about is the cost of ammo, but if thats not a n issue, go for it.
I have the hi-point in .45 and I think its a great gun. I shoot it just as well as my Ruger MKIII target pistol, and I think the magazine is easier to load
I don't know where you're at, but if you're ever in my neck of the woods, you're welcome to try my .45
The only two complaints that I have with that gun is that to field strip it, theres a pin you have to drive out. That being said, in all the years I've owned it, I have NEVER field stripped it for cleaning, just ran a brush down the bore. As a result, I also can't remember it EVER jamming.
There was no break in period. It just shot. When I settle down and get my "final" place, I'm planning on picking up a few of these and hiding them around the house.
As for the second complaint that I have: Its not Dan Wesson 1911. In the Hi-Points Defence, it had no hand in choosing how it was born, so I cut it some slack
Chris "the Kayak-Man" Johnson