Cocked and locked, baby! If you carry a 1911 pistol that is how you should carry it: fully loaded, round in the chamber, fully cocked, and safety engaged. That is how John Browning designed the pistol to be carried. That is the safest way to carry it and you are not smarter than John Browning. If you do not carry in Condition 1, consider it a training deficiency and fix that (insert your favorite curse words here) right now.
Into the Fray, Episode 9: Carrying Your 1911 in Condition 1
Cocked and locked, the way the 1911 was intended to be carried! Fully loaded, round in the chamber, fully cocked, and safety engaged.
Carry your 1911 pistol in Condition 1. It is the right thing to do. It is the safe thing to do. Why question the wisdom of the greatest firearms designer of all time?