You cannot "convert" an AR15 to full auto legally. Period.
You can buy a registered lower, in which case the cost of the lower ain't what makes it expensive. It's that there's a limited supply. It's a $10k+ item because of the supply.
You can buy a drop-in auto sear, which is itself the registered part, and it isn't that much cheaper to make than an AR15 lower, but again, it isn't materials that makes it expensive. It's the supply issue. No new ones can be made. Cost is probably similar to a registered lower, because either way, you get full auto, and that capability carries a steep price tag.
If you COULD convert an AR15 to full auto legally, it would cost pennies plus the $200 tax stamp, but the full auto registry is closed, so you can't. The only people that can make full autos now are special dealers, and they can only sell them to military or police agencies, not to individual civilians. For them, it costs drilling an extra hole (which is basically free) and installing the full auto parts (which aren't any more expensive to manufacture than a regular trigger or hammer for an AR15).
Understand that there are no loopholes that get you there for cheaper than what you see advertised when you're looking at a legitimate sale of a registered lower or drop-in auto sear. It costs tens of thousands of dollars. That's the truth, and no one has any magic way to get around it.
So this $4k conversion just doesn't make sense. If it was legal, it'd be a $4 conversion, not a $4k conversion, but conversions aren't legal, so it's more like $16k to $20k to get an already-registered gun.
Aaron