Regarding ammunition, my understanding is that .30 Mauser and 7.63x25 Russian/Chinese are pretty much the same. They function in the Tokarev Pistol and Mauser C96 Broomhandles. I say .30 Mauser because I can remember it better than numbers and that is what Remington called the cartridges as printed on their boxes. The later hot loaded 7.63x25 Czech
for their VZ52 pistol are extremely hot and will tear a broomhandle apart. There may be a word of warning there. I don't shoot them, so it is not a problem for me.
The reworked 1911s are import marked. The magazine wells have been changed to accept the longer cartridge and the magazines reworked to fit. The floor plates have been tapered and the magazine body altered to follow the taper. A normal .45 mag will no longer fit in the magazine well.
The barrel is new production and about 1/4 inch of material has been added to the slde breech face--making the ejection port smaller.