I just finished a bunch of lowers using the 5D Tactical router jig...it worked GREAT. The lower comes out looking like it was CNC'd, vs. a drill jig which is going to make the inside of your lower look like Frankenstein took a bite out of it. I think anyone would be way happier with the end result using a router jig.
I sold the jig here on ARF in the EE when I was done.
I still have the nearly new router (the porter cable model recommended by 5D Tactical for the jig) here, and was getting ready to list it in the EE as well.
My point is -- router jig is mucho better -- and you can probably pick up a used router here, ebay, craigslist, or somewhere else at a decent discount over new.
(You'll still use the drill press for doing the guide holes for the router's end mill, plus the trigger pin holes and the safety selector holes.)