Crap. Now I'm thinking .300 blackout might be where I'm leaning. Seeing some 16" stainless steel barrels for $200. Oh man...now I'm stoked. Already have the upper and everything chambered in 5.56.
I'm looking at a blackout my a build down the road. I don't plan on shooting much (if any) subsonic, and can't seem to find any barrels over 16"... To reach it out a bit more, a 20" seems like a good length...
I like the fact it uses same bolt and mags as .223, no swapping bolt heads or enlarging ports like the .458 SOCOM, and more punch without swapping lower and all (AR-10)...
My understanding is that factory 300BLK typically uses fast burning "pistol-ish" powder(s) and there's nothing to be gained in (FPS) by going over 16". It's been suggested on other forums that the 16" barrels exist only to satisfy the BATFE. If you reload I guess you could work up something.
I have a 300BLK for the reasons you mentioned as well as a few others. I wanted an SBR and a suppressor. 300BLK lets you have .30-30/7.62x39 ballistics (supersonic), and exceptional ballistics and sound suppression when compared to 9mm/.40S&W/.45ACP sub guns (subsonic ammo)... all accomplished by switching ammo. That's what I was looking for. Sure, there are choices that are better at one end of the scale or the other, but nothing else that I'm aware of does both as well.