Quoted: I' love everything about the M1A, except for the price tag
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Honestly, if you shop around an M1A will cost very close to a complete Cali AR that is built up with quality components.
Vulcan Stripped Lower: $265
Bushmaster LPK: $65
Collapsable Stock(cheapie): $80
Quality Upper (I like LMT A4): $650ish
Rear Sight (LMT BUIS): $120
That's $1180, My M!A Socom16 was $1340 brand new.
My thought is, yeah, you could build it for a bit cheaper, but why skimp and possibly have problems? I actually spend alot more on the couple collapsable stocks for my ARs and got good ones.
After the rifle is paid for shooting costs are about the same, I've been getting cases of Aussie 7.62 for about $20 more than the going rate of Q3131A, but the M1A is really nice to shoot, and accepts magazines, including the ones I had before the ban. :)