I am looking for information on some kind of actuator which can produce about 1 mm displacement while consuming low power, was thinking of piezoelectric ones as they can have "ms" response time. Any leads much appreciated.
Piezoelectric multilayer with flextensional amplification may solve your need. These actuators have displacement / stroke from few micron to mm range at lesser driving voltage. Blocked force vary accordingly. Response time from microsec to millisec is possible with such actuators.