Im also not a huge fan of PSA parts.
PSA is good to go in my opinion. If I were you I would have hunted until I found a barrel with mid-length gas since you are going with a 16 inch barrel. My 16" with carbine gas is unnecessarily harsh but I built it before I knew any better. It is very reliable, just not as smooth as my others which all have rifle gas and 18 or 20 inch barrels.
The other thing I would change is to buy a LPK that comes without the fire control group, and use an ALG ACT trigger, or even better a Giessele SSA or SSA-E if you had room in the budget.
Screw back up irons. Just buy a good quality optic that you can trust. I haven't used a Vortex red dot but their variables have been very good for me. Aimpoint seems to be the way to go if you want a bomb proof red dot.
I understand you are keeping it within a budget so take everything I said with a grain of salt. If I were making one change to your build it would be a better trigger. I favor the Geissele for a general purpose build. The JP is very good too. I have one 'mil spec' trigger that is reasonably good and I have no plans to change out. Two others were atrocious and have been replaced.
About triggers...Franklin Armory has an LPK with their tuned trigger, and reviews of their complete lower mention the great quality of their trigger. Also consider New Frontier Armory LPK...I think they have a metal version of their plastic trigger group which has also been favorably reviewed. Franklin Armory LPK is like $200, NFA like $50.
seedubs1;5300656 The Vortex said:I have a Vortex scope, so far it is superb. I simply can't torture test a scope I spent $1400 on, so the extent of abuse it will see is getting dropped in dump barrels and maybe bumped into things at 3-gun matches. There is a snipershide video where they drag a Vortex Razor through a pond, drop it from a tower and shoot what looks like 1/2 pound of tannerite within a few feet of the scope. Scope came through with flying colors. I don't think it is VCOG tough but the build quality is excellent and I am a big fan of what I have seen so far from Vortex.