1911... hammer down or hammer cocked with thumb safety on...?
Cocked and locked on a holster that between the hammer and pin. Hammer down is not entirely safe from incidental bumps or drops.
When I carried a 1911 the hammer was cocked. My holster had the top strap that blocked the hammer and could be unsnapped with my trigger finger as I drew the weapon.
I now carry a full-size 45ACP that is DA/SA so my first shot is double action.
I go hammer down. Perhaps not the best if you are going to get surprised from behind, but I have always had an extremely good sense of situational awareness.
Sui
My SW915 is ready with one and 15 more to follow if need be