I was just about to sign off for the night but I noticed you're building a gun really similar to mine. I built my lower from a Olympic Arms T3MX and an Oly parts kit. I am counting the days until the AWB expires so I can screw on my Ace SOCOM stock (which I might add is an excellent stock and you can pick one up from Model 1, buffer and spring included, for $160 shipped).
Speaking of Oly, another gun you might consider is their new LT series (LTF and LTM4). It's their version of the BM Modular but it's cheaper and has a multiple aperture rear sight. Replace the Ace FX with a SOCOM (you might even be able to talk them into getting you the gun without a stock), put on an EOTech 512 or 522 (AA battery versions for longer life), Insight M3 or M3X light, and any good foregrip with some storage space for batteries and you'll be all set. The LT series has an MSRP of a bit under $1300 so you could probably pick one up for around a grand. EOTech 512 is one of the more cost-effective red-dots and they run about $330 online. ITI M3's run around $110, M3X's around $170. If you keep the Ace FX stock, you're probably looking at just around $1500 for the gun, Holosight, and light.
For the record, I'm going with a Rock River Arms CAR A4 upper with a 16" stainless barrel. 1/8 twist, free-floating mid-length handguard, Oly MASS sights, and the EOTech 512 (don't need night vision compatible holosights and I can't go down 33 feet underwater so I really don't care if my sights could). If I have any funds left, I might attach a M3X to my handguard using some sort of screw-on rail system (I think the quad rails can snag way too easily, panels or no panels).
As for overall good sights, from my experience, certain sights will have better prices on certain products and worse on others. Just type in "AR-15 parts" in Google. As for the 55 gr in a 1/7. You could...but it doesn't mean it will be very accurate. 1/9 is a good overall twist and will stabilize the broadest range of rounds, from 55 all the way up to around 70 grains. Correct me if I'm wrong, but I believe the military M4's use a 1/7 twist but they are primarily designed for 62 grain rounds. Stick with the 1/9 unless you're shooting very light or very heavy loads.
Hopefully I was of help.