There really isn’t a one-size-fits-all solution to front sight height, especially when it comes to 1911’s. You’ll have to figure it out yourself. As per Harrison Customs’ website:
"While it’s possible that you will need a different height front sight to go with your new Harrison Design rear sight, I can’t tell you what that height should be. All 1911s are different in how they lock up and with all of the different makers of both guns and parts and all the different barrel lengths, there are too many variables. Since your windage corrections are all made by moving the rear sight from side to side in it’s dovetail, what follows below is only pertinent to getting your elevation zeroed.
I recommend that you install your new H-D rear sight, then go test fire the gun with the existing front sight in place, if possible. Shoot a test group at an accurately measured distance like maybe 15 yards, using the sight picture and hold in the adjacent picture. I would suggest for maximum accuracy that you shoot from a bag on a rest and shoot an accurately fired group using 3-4 magazines worth of ammo, all on one target to get a really representative group of where you, your gun and your ammo are hitting.
A round dot on your target about 3" in diameter will appear about the same width as your front sight at 15 yards. Once you find the center of your group and measure the distance from it to 6:00 on the round dot, you’ll know what the elevation (up & down) error is that you need to correct. Note that we are using the 6:00 point on the dot to aim at because it is more refined sight picture than trying to judge where half-way from top to bottom on the dot is. We are not setting up your gun for a 6:00 hold. This is point of aim = point of impact.
You can calculate your theoretical front sight height by multiplying the sight radius, times the error on target, divided by the distance to the target, all in inches. The sight radius is the distance from the rear aiming surface of the front sight to the rear aiming surface of the rear sight. For example, a Government Model pistol with a 6.875" sight radius that shoots a group 3" low at 15 yards (540") looks like this: 6.875 x 3 = 20.625 / 540 = .038" shorter front sight. Before you go buy a new front sight, I would suggest taking the extra step of shortening your old front sight by about 80% of the correction needed and test fire again, so .038" x 80% = .030" shorter to start. Go back to the range and shoot another group to confirm how much change you still need. This will let you creep up on the perfect height to get your gun to zero.
Of course, if your group on the test target is above the 6:00 position on the dot, you need a taller front sight. Follow the instructions below to be able to creep up on the perfect height, or calculate as above, add the change in height needed, add that to the existing sight’s height and go buy a new ready made sight as close to your measurement as you can find.
If your pistol has no front sight, like a build from parts, or your front sight is so short you can’t accurately see it like an old Colt, your best bet is probably going to be to install a plain black new front sight that’s obviously too tall, like in the neighborhood of .215". Then follow the above instructions and shorten the sight per the instructions to get your elevation zeroed."
As far as barrels go, if this is just a range gun then I wouldn’t bother. Fitting a new barrel isn’t rocket science, but it does require enough precision and knowledge that every custom 1911 gunsmith stakes part of his business and reputation on how well they fit new barrels. Finding the perfect combination of lockup, accuracy, and reliability takes a lot of experience, which is why said gunsmiths charge a fair amount for such a service. If it were me, I’d just keep it the way it is, albeit with different sights. It’s just not worth spending any more money on it.
If you like the MEUSOC, you can get you one of these. Be prepared for sticker shock, though. Or you can buy another 1911, like a Springfield Armory Mil-Spec, and have him or any other reputable gunsmith turn your gun into a MEUSOC replica.