The Galco FED paddle is the only paddle holster I have. I carry a 5" 1911 in it. It works good, but with the thumbreak you need to practice your drawstroke. If you do not properly and quickly un-snap the thumbreak, there is a possibility of pulling out the holster wiht the pistol.
It is well made, secure, and fits my 1911 quite well. I don't use it for concealment much because it lets the butt of the grip stick out just a bit too much. But, when it does not have to be concealed, it works fine. Also, sometimes when I am going to and from the range, house, etc., or if I am walking out of the house for a quick trip up the road it is nice to just slip it on.
Galco is quite a good company making very good holsters. Many people like to pick at them as not being "custom". Hey, their gear works. I have several holster for them for my 1911s and Glocks. They did not cost $125-$200 apiece and they do the job quite well. And I did not grow old getting them.