That doesn't sound right, I was thinking they were very close in price. $400 sounds like a complete lower.
Yes, the lower is the part that is registered. Everything else is not regulated and does not have a serial number, which means it can be shipped right to your door.
I happen to be looking to do a build myself so I called DPMS. They confirmed that the stripped lowers are in the $400 range and the built lowers are a little over $600.
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