You'll find more reliability in barrels longer than 3" or 3-1/2". I have two Kimber Ultra CDPs (a 3rd one would not run - external extractor) and a Colt Officers in stainless. Of the 3, the Officers and one Ultra CDP are 100%, the other Ultra CDP is still improving as I shoot it (<1000 rounds); it is about 98-99% now.
You might want to look at Officers (Colt called them Compacts too) used, they are reasonable $$ in good condition. Also consider the Kimber Compact which marries the Ultra (Officers) frame with the Pro (Commander) slide. It is a 4" slide without the dual co-axial recoil spring. IMHO it will be more reliable than the 3" and not that much harder to conceal (esp. IWB) as the grip is the harder to conceal part IMHO.
The Kimber reliability issues of late were mostly related to the external extractor AFAIK. The 2006 catalog makes no mention of Tactical extractors and I haven't seen one at my Master Dealer for a couple months.
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Posts are my opinion based on my experience; YMMV.
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