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Option 1 is DIY -LCS or similar kit with receivers seem to be $1600 and up for MP5, $100 for paint/ cerakote, $250 one time flat jig investment.
Option 2 is a custom build (IGF, Brethern Arms, Parabellum, Dakota Tactical) $2800 and up MP5
Option 3 is MKE, POF MP5 $1600 and up. Unsure of quality, read about a number of people sending to a smith for corrective actions.
Option 4 is save up and get the real deals (HK)
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If I were in your shoes, first decide what you want - a shooter or a collector, etc. If you just want a shooter, MKE is apparently importing again soon and they are a good HK licensed gun, and POFs are also very good. My POF-5 has been perfect and trouble-free, but I didn't expect Gucci - just a good rack grade gun that works well. Most of the knocks are on the paint or on crooked cocking tubes, apparent crooked sights (I don't think this is really the case for most since the HK diopters are not the easiest to zero unless someone has taught you how to adjust them properly), etc. None of these things affect function and cosmetics are going to get a little scratched up if you actually use it. MKE hasn't broken cover on pricing or who will be selling it yet, but Atlantic Arms (that is selling the POF) has great customer service and stands behind it for any warranty issues. If you're going the shooter route, this is a great option. The downside to a shooter is that things like good magazines are pricey, so know that it is part of your budget, too.
Your option 1 is really reasonable after you have something that you can use as a reference as observing and measuring beat the hell out of guessing how parts go together from a picture. HK roller locks are not very easy to assemble by nature. When the "factory clones" (like all the Todd Bailey offerings), lots of clone builders, and others can't get it right every time - it isn't an easy proposition. I wouldn't do this for my first HK pattern gun. If the cosmetics really bother you about the POF or MKE (people knocked the cosmetics when ATI imported them too, and had the same "criticisms"), refinish it yourself. This will help you see how its put together if you want to build your second HK pattern gun yourself.
Option 2 is up to you on cost. There are some decent builders out there, some dodgy as well - all the guys you name are know for being good. The only experience I have personally with anyone you named was with Jason at IGF and he is a great guy. A word of caution on internet opinions on clones: Some guys who buy clones from builders judge quality solely on how the paint finish looks or how "straight" the welds appear to be, then never really use them. You could build the gun out of popsicle sticks and it will last if you never shoot it. The round counts really determine quality due to function (stoppages, parts breakages, etc.), not cosmetics. If you want an opinion on a builder, look for someone who has shot the piss out of what they bought. Someone with a registered sear pack who shoots a lot and often would know better than the guy who goes to the range twice a year and views their clone as a "range toy". Its fine to be a fanboy with a "range toy", but this doesn't equate to sound opinion on quality construction, reliability, or longevity. The downside to any clone from a builder is always the US parts.
Option 4 is the only one for a collector weapon, but you will probably not shoot it as often due to values climbing. If your wife finds out what the value is today, you will definitely not want to shoot it (ask me how I know). Great if you want to collect, but it;s hard to justify potentially beating up something that is practically irreplaceable and declines in value if it isn't all original.
Decide what you're going to use it for first, then take the best path.