I agree with Forest as usual. If you want something better than M193 or M855, I'd look at the Black Hills 68 and 75 gr OTM ammo. It isn't that expensive when compared to mil-spec M193 and M855 loads. At $6.60 per 20 rounds, it's much cheaper than the Winchester 64 gr PPP that goes for $14 per box or more. Heck, even a box of non-premium Winchester or Remington 55 gr SP's will set you back $10 per box these days. And as he has mentioned, all the 55 gr SP's besides the TBBC bullet demonstrate inadequate penetration for defensive use. Also, a 20 rd box of the TBBC usually costs as much as $18...ouch.
Don't compromise when dealing with defensive ammunition! Ever! If you can afford to pay $800-$1000 for a defensive AR carbine, then you can afford to buy decent defensive ammunition for it. At defensive ranges the Black Hills 75 gr OTM is superior to M193 or any soft point I have seen. And it is very much affordable.
My advice would be to buy a couple of boxes of the new production Black Hills ammo. If you have a 1/7 twist go with the 75 gr version. If you have a 1/9 twist try the 75 gr and see if it's accurate enough in your particular gun. If not, back down to the 68 gr version. Then for practice or back-up ammo I would use the remanufactured stuff. Keep your rifle and a spare mag loaded with the new stuff. I can't think of many situations where two 30 rd mags would not be sufficient to handle the problems faced. Remember, we aren't talking about some sort of TEOTWAWKI situation here, just a self defense encounter. You aren't going to need thousands of rounds for this purpose. For stocking large quantities use M193. Your defensive ammo is specialty ammo and a couple hundred rounds on hand at a given time should suffice. Remember, this is the ammo you are betting your life on. So choose wisely and don't let cost dictate your decision.
If the cost is still too great for practice, take a look at the Federal American Eagle 62 gr FMJ. It should be anywhere from $1-$2 cheaper per 20 rounds than the 75 gr OTM or 68 gr OTM. Dr. Roberts has reported that this load simulates many of the OTM loads reasonably well in terms of POI within defensive ranges. This could be a nice practice round for you. And as Forest has already stated, the POI within 50 yards isn't all that varied anyway.
-Charging Handle