I have a 1911 built on a 1.8 that came in a parts car that I purchased recently
I can either sell it or build something off of it.
So, what do people think I should do with it?
Try to build something up (stroke it out, up displacement, have a port and polish done, that type of stuff)?
build a turbo system for it (run ~7 psi into it and throw on programmable FI)?
what do you thinkI should do?

Depends (no, not those things!).

What do you want out of the car? How much are you willing to spend? What will you do with it?
Street only?
Auto-x?
Race?
CW - no, forget that

the rest of that car I am just selling off, but the engine would allow me to work something up and still drive my other one at the same time
as far as use, mostly street, some AX
mostly though, I am just looking for a little more power for not too horribly much money