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Searched by who? This imaginary “asshole cop” who is going to disassemble and reassemble your guns into illegal conditions? If your concern is illegal activity by “some asshole cop” then whats stopping “them” from just dropping some drugs in your house? Or saying your computer has CP? Or that your taxes need auditing?
This kind of stuff isn’t helpful to the original posters question.
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They are probably referencing the Justin Stegall case from Arkansas where he was convicted of possession of an unregistered SBR and sentenced to 30 months in prison. It was purported that he had multiple AR style parts in his car during a traffic stop/road-rage event. The components found in his trunk including a stocked lower, an AR pistol lower with a carbine buffer tube attached, and a short barreled upper. They still charged and won a convicted even though the defendent claimed the "stock" was never on the pistol lower and/or the short upper was never on the rifle lower and the officer must have combined them together to make the SBR.
https://thenewrifleman.com/it-should-concern-us-all-nfa-violation-in-arkansas/
https://www.ar15.com/forums/general/Arkansas___Man_gets_30_month_sentence_for_possession_of_unregistered_SBR/5-1869992/
Is this a corner case situation....absolutely. Was it smart for Justin to have allegedly waived a handgun at another motorist, sure wasn't if that part is true.
Is this unique situation going to happen to the OP even if he decides to store the AK pistol and AK Stock in the trunk of his car and drive all over town for the duration of the Form 1 approval, I would agree the risk is still probably very small. As mentioned, of course there are some small number of crooked cops out there as well who could jam you up on a trumped up charge because they woke up on the wrong side of the bed that morning but that is a baseline risk you really can't mitigate. However, it also doesn't take a crooked cop to potentially refer you to the ATF and US DOJ when he finds all the component makings of a AK SBR in your trunk either and figures he will report it up the chain of command.
If you are the OP and you have a bunch of firearm parts and an applicable firearm in your possession for which you don't have a configuration legal safe harbor under the Thompson-Center precedent, my advice is its probably best to not drive around with them in your car where a traffic violation could put you at risk. The US prison system is full of folks who rolled that dice and crapped out because they got caught with contraband in their vehicle and if they had just left it at home would still be out free.
My take is that if you have an AK pistol and an under-folding AK stock in your house at the same time the odds of you getting caught and having a legal issue are almost non-existent assuming the rest of your life is pretty buttoned up. i.e. you don't deal drugs out of your house, run a brothel, have a history of domestic violence calls to your residence from the neighbors, or work for a solvent trap company currently in the feds prosecutorial crosshairs, etc. Something that would attract LE attention for an unrelated issue to your home.
Keep the parts separated, don't do any work to the AK pistol receiver that could be construed as steps toward making it a SBR, and submit your eForm 1. If you want to be extra careful, give the stock to a trusted friend to hold for you for the next couple of months.
Short of a search warranty being served on your primary residence in the next 60 to 90 days you will be good to go with a tax stamp in hand to build your AK pistol into an SBR AK.
Good luck with whatever you decide.