Too slow. Condition 2 is the best carry method, you just have to not be stupid and make sure your “finger” safety is on at all times. When you need to shoot, you need to shoot, not rack the slide or otherwise fiddle with the firearm. Condition 2 with hammer down on a live round in the chamber is a perfectly adequate carry method.
The jackwipe should not have touched the trigger. The jackwipe should not have brought his weapon into a bar, especially if he is going to drink. The way he was acting, it looks like he had had plenty to dring.
1911 is designed for condition one.