I have built several, mostly for other people. I have found the key to a pleasant experience is purchasing good quality parts, and I ALWAYS purchase my lower and LPK from a local dealer. I have tried to build one from mail-order lower parts, and 1 of the 2 I have assembled for people had defective parts. I am currently waiting on a replacement FCG from one company now to repair the broken one. My personal AR-15 is built on a Stag lower with a standard Stag LPK, Magpul CTR, LMT 16" upper, YHM Rifle length rail, though my avatar does not show it, I have LMT iron sights as well. I am a firm believer in irons. I do not own any rifle that is truly effective much past 200 yards, I figure if I can't hit it at 200 with irons I probably should not be shooting at it. Not to mention target acquisition with irons is much faster.
I am currently contemplating my next build...I have a stripped DPMS lower in the safe begging for attention. I also want to build a SBR, but I will do that on an LMT lower, and they are only available fully asembled. I am going to have to buy one so I can send the paper work to the BATFE. If none of you have ever tried LMT, I can't recommend them enough. Awesome parts.
As for the AKs, I am in the middle of a Romanian kit build now. It will probably be my only AK, as I prefer the AR-15. To me it is just a superior weapon. If I want to shoot 7.62x39, I will order some SKSs. I have had quite a few people tell me they are more acurate anyway, I personally have never shot either over about 50 yards, so I do not have a real good point of reference on that.