For pure economy, the AR+ takes the prize. It uses 7-10 grains less of powder per shot and is half the price of IMR 4064. AR+, Hornady or RMR 150 grain FMJ, and Winchester Primers gets the cost per round under 50 cents. I just like the tight shooting groups I get from this rifle using IMR 4064. I need to check the LGS and see if they have any more AR+. If so, I'll snag a couple more pounds. The usual on-line dealers don't have any right now.
IMR 4064 shoots heavy bullets in 223 pretty well for me too. Well, certain bullets. I couldn't get the 77 grain SMK to shoot very well. The 75 grain Hornady HPBT was excellent with IMR 4064, regularly turning in 0.75 MOA groups. I have a load for 7.62 NATO brass that uses IMR 4064 and has a good bit of room to move up to max. No pressure issues so far. I may be overly cautious, but I've heard many people say the surplus military brass is thicker and may cause pressure increases.
Locally, TAC is about $13 per pound cheaper than IMR 4064. If AR+ isn't available I may try some X-Terminator. It's available and about $18 cheaper per pound.
I try to use Hornady bullet data for Hornady bullets in this rifle. Hodgden has several Hornady bullets in the 150 grain range listed with TAC. I could in theory drop to 41.x grains of TAC for a 150 grain SST, since Hornady lists all the same weight bullets in the same charge weight chart.