The KAC 600 meter is a tough sight, but not really a CQB sight. Seems that the current solution is to chop a carry handle and use the rear portion as a detachable A2 sight. Not a fold-down however.
Perhaps there is not enough demand for such an animal to get a payback on the necessary design/engineering. Folding sights are, or should be, back-up sights. Quick and simple to deploy, and out of the way when needed. Most applications would fall into three broad categories:
Iron sights primary (e.g. A2 carry handle)
CQB optic primary (e.g. Aimpoint M68)
Telescopic optic primary (e.g. TA01 NSN)
In the first, no backup needed (typically)
Second, no elevation "needed" to backup red dot
Third, designated for longer ranges typically, so a 200-600 BUIS would be consistent with the intended use.
While you can always make a case for another set of requirements for some particular situation, the above probably represents the general thinking behind BUIS design decisions. I think that a sight that was compact, folded low, with dual apertures and elevation adjustment would sell well in the civilian market (high cool factor), it would not be a great choice for many military applications. It would be more complicated, more expensive, and little used in most situations.
It would be an engineering marvel though. Maybe someone will take the plunge and build one anyway!
Paul
MSTN