If you use the Enhanced version, you are limited to using the fatter profile Enhanced handguard. There may be other handguard manufactrers that make one to fit but I am not aware of any. Their regular version receiver will take their slim profile Atlas handguard, as well as any handguard with a DMPS high-profile. Midwest, SLR, and Odin Works are a few of the manufacturers that make those. You can also mount the Enhanced handguard to this regular receiver, but you'll need the special barrel nut and possibly shims to correctly time the nut to fit the handguard correctly. The Enhanced receiver does not have this timing requirement, just install the barrel and use the special tool that fits the barrel nut to the proper torque value. It boils down to which handguard you want to go with, slim profile Atlas (or aftermarket), or the Enhanced. It may also boil down to your barrel profile. If you get an overly large OD barrel, the Enhanced may be necessary due to clearance issues with the gas block.
I have built a couple Aero M5 rifles, using Faxon and Ballistic Advantage barrels. I used the Atlas handguards and had no clearance issues. I have not used the Enhanced version handguard, they delt too large in my hands when I compared them side by side at a gun store near me.