Quoted:
remember- no flash hiders alowed on post ban guns
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I have to respectfully disagree;
A semiautomatic Assault rifle (which a post-ban cannot be to be legal) is define by the BATF as:
A semiautomatic rifle that has an ability to accept a detachable
magazine and has at least 2 of--
(1) A folding or telescoping stock,
(2) A pistol grip that protrudes conspicuously beneath the action of
the weapon,
(3) A bayonet mount,
(4) A flash suppressor or threaded barrel designed to accommodate a
flash suppressor, and
(5) A grenade launcher;
SOURCE:http://www.atf.treas.gov/regulations/27cfr178.htm
This means you can have ONE but only ONE feature on your postban. Most opt for the pistol grip. If you were to use an approved "thumb hanger" type grip in place of a pistol grip, you could legally choose another feature such as a flash hider OR a bayonet lug OR a folding stock. But you can only have ONE.
Another way (not acceptable to me personally) is to buy a California type receiver, with permanently fixed magazine (e.g. FAB-10 receiver), because then the rifle does not meet the criteria to be a semiautomatic assault wepon as defined by the BATF ( ability to accept a detachable
magazine AND has at least 2 of...) and you could then have all the features - but you give up the detachable mag.
So there is actually a choice here, if one follows the letter of the law. Again, most choose the pistol grip as their ONE feature on their postban rifles, me included.
As far as the COLT vs DPMS/RRA purchase, you could build a rifle on a DPMS receiver for about $600.
(I have done this and ended up up with a good accurate rifle) but the Colt would have higher resale value because of the name - so it's a trade off and would be up to personal preference as to which is the best route. $890 is a bit steep for a parts gun though, IMHO.