My personal choice was that I wanted an earlier gun with the finned barrel and blued finish.
For me I liked the look of the early guns with the blued finish, the 28 finned barrel, and the stock that went right up against the compensator so that is what I went with.
I think it really comes down to what you personally like, similar to "Are you a 1921/28 or M1/M1A Thompson person?". Again for me I like the looks of the 28 Thompson over the M1 so that is what I bought for essentially aesthetic reasons alone. Now if I was a grunt in the jungle of WW2 I would probably go the other way on both guns.
However, unlike the Thompson versions, there really isn't any difference in the internals and how they operate between the early Reisings and the later Reisings. The difference are more of a cosmetic nature than a functional one.
The major differences between early commercial and later mil is you have the blued vs. parked finish, the 28 vs 14 fin barrel, the mil stock forearm is slightly shorter and the trigger guard is "3" vs "2" screws type, the takedown screw is the low profile slotted screw type or the larger knurled wheel type, and there are some minor differences on the sight, selector, and mag release.
As for magazines I have "9" total. I have "5" of the factory 20rd mags and "4" of the Ken Christie produced 30rd mags. My original goal was "6" of the factory 20rd mags and one or two of the 30rd mags. I ended up on a good deal for the "4" 30rd mags ($1000 for all four) and now at this point unless a cheap OEM 20rd mag fell into my lap, I don't think I would bother with another sixth factory 20rd mags. Honestly, its probably a bit overkill in the mag department and I would probably be just fine if I had half that number of mags as I have only actually shot 3 or 4 of those 9 mags.
There is also the new Promag 45 Uzi magwell option as well that another member is selling. I didnt buy one as I already have Reising mags and while its a great idea/invention I am not a huge fan of how it changes the looks of the gun and that it then can't use OEM Reising mags. IMHO, it just looks too long which I get as it has to be long enough for the mag latch to reach the OEM mag catch slot in the Uzi mag. Personally, if I used Promag Uzi mags in my Reising I would rather have sleeves on the Promag Uzi mags and keep the OEM magwell that doesn't change the look of the gun while also retaining the ability to use Reising mags. Again I get if you are just starting out it may be worth it to just go all in with Promag Uzi mags only and live with the aesthetics of the conversion magwell and its inability to use OEM Reising mags.
Pricewise, I think you can still find a Reising in the $7000 to $8000 range without too much trouble. I think $9000 unless its coming with a bunch of mags or spare parts is pretty high in todays market. Bob Naess has two for sale right now for $7250, (one mil/Numrich gun and one H&R commercial.) However at this price point I would just buy the gun you want, with the features you want, in the condition you want even if you "overpay" by $500 to $1000. Its not like a Thompson market where the high and low end of the market is separated by $10,000 to $25,000.
I really like my Reising and it was one of those machineguns purchases where I was expecting it to not be all that great and it turns out to be really enjoyable shooter. I have probably shot the Reising more than my Thompson over the past couple years.
Good luck with your search for the right Reising.
My personal gun below: