For a 601, you'd have to source a lower from NoDak. That instructions to convert an A2 to an A1 is for the "full fence" or "partial fence" lower. The 601's would need to be "slab-side" and removing the other part of the reinforcement would also lose your detent for the front pivot pin.
I just finished my first retro build jut over a week ago. My entire planning and progress is in
this thread here if you want to read about it. I'm not going to add pictures to this thread, but there are plenty of my progress there. Feel free to ask me any questions as I am more than happy to help out how I can.
Based on ease of getting correct parts, I'd suggest looking at an M16 / Colt 604 (the air force slick side without an FA), an XM16E1, or an M16A1. I think an A1 would be the easiest because it has the most prolific surplus parts.
The first thing I would do is pick one and then get an order in to NoDak Spud for the lower. My "Partial Fence" lower had a lead time of five months. Even with that wait, it would probably be cheaper than sending out a lower to be modified (and then reannodized). If you want to have a custom roll-mark done, then go for an 80%; again, Nodak would be easier and require less machining because it would already be the correct profile.
For an upper receiver, you can find the proper ones for M16A1's pretty easily. The slick-sides are a tad harder if I recall (I lucked out with this part). NoDak offers new-production versions of both should you not want to dig around and if new-production is ok with you.
Once you know what variant you are doing, plan out the parts you need. Are you going for visual correctness or does everything need to be all Colt parts? I started with the former but then wound up doing the latter and it is very satisfying to be able to tell people. If you don't want to go the all Colt route, you might save some time, money and effort. I think the barrel is the hardest thing to get if you go authentic. If you just want the right profile, there are several option. I've made a reference of them in the form of a
Retro Barrel Source Spreadsheet. Depending on if you want the original 1:12 twist or something more modern, you can find assemblies with the front sight base already pinned.
Once you have your parts list it is just searching for what you need and making sure it is a reasonable and fair price.
I hope this helps you out!