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The $1199 model is the P226 Legion model. It comes with Sig X-Ray night sights, three mags, G10 grips, and Legion grey finish. The stainless model is the Stainless Elite. Has standard night sights, wood grips, and extended beavertail grip. Also, the grey P226 you referenced is the single action only model 226. The stainless model is DA/SA.
James, other than the Action difference, the cost difference is due to the number of each in stock, Buds prices are tied to stock level and lower stock firearms will have a higher price compared to similar higher stock firearms. This is even within the same models with different colors.
