If my M16 lower breaks, I'll send it off for repair. It doesn't matter if it breaks into 10 pieces, it can be put back together. "TonyK" said that he's only heard of one non-repairable M16 lower, and it was melted in a house fire. Take care of them and they should last a long time. Use only quality ammo and keep it well-maintained (lubricated, etc.). I plan on buying the KNS anti-rotation fire control pins for mine to keep from elongating the holes in the lower receiver.
As for replacing a registered M16 lower, Olympic claims that they WILL replace theirs:
[b]"Registered receiver full-auto replacement.
Cost is $250.
Olympic Arms will only accept it from a licensed Class 1/2/3 dealer, transferred using a form 5. This is done to reduce the paperwork on their end.
The process is:
You need to contact Olympic Arms and work out the details, so they know it is coming.
You need to form 5 your receiver to a dealer in your state.
The dealer you transferred it to, then transfers it to Olympic Arms using a form 5. If your dealer is setup to do FAX transfers, this takes roughly 1 month to get the paperwork back.
Olympic Arms creates a new forged receiver with all the markings of the old receiver, except for logo. See logo information for your choice. Olympic Arms destroys the old receiver.
Olympic Arms transfers the new receiver back to your dealer using a form 5. This takes roughly 1 month.
Your dealer than transfers it back to you using a form 5. If your dealer is setup to do FAX transfers, this takes roughly 1 month to get the paperwork back.
You then have a brand new forged lower receiver, but it retains the status as a legally registered lower receiver."[/b]
From [url]http://www.triplebreakproducts.com/Olympic/upgrade_receiver.htm[/url].