First of all, what CDNN is selling are NOT SP1 uppers. They're M16A1 military surplus pieces---and that's a good thing.
The Colt SP1s were the first civilian market ARs, and the front mounting hinge holes were larger than the military standard. Current commercial lowers use the same 1/2 inch front mounting diameter as the military has always used, and if you did try to put an SP1 upper on a current lower, you would have to use an adapter sleeve to make it fit. What CDNN has will fit any currently built lower w/o any adapter needed. Also, the pieces CDNN has are forward assist M16A1 types, and the SP1 did not have a forward assist assy.
The CDNN pieces are apparently takoffs from new, unused M16A1s, and everyone who has gotten one and posted on this site about it has been happy w/what they got. It should be noted though, that the early pieces were finished in a different, lighter color than is current standard, so if you intend mounting one on a currently built lower it will have a two tone finish
Re the price, you'll have to decide if the assy is worth it to you. On the plus side, it is a Colt assy, and top of the line. Remember though, these units have the early, lighter weight barrels, and the flip type rear sights; as opposed to the current click adjustable type. You can build up an aftermarket A2 type upper for not much more money, but of course it won't be a Colt---if that matters to you
Why CDNN insists on calling these pieces SP1s is beyond me. My only assumption is that they're afraid that if they call them what they are, M16A1 uppers, some nutcase will accuse them of selling "machine gun parts"