I went with a medium contour (because I couldn't find a light weight in stock) 10.5" barrel, with a spaced and welded 5.5" muzzle device. 9" generic Key mod free float handguard, all mounted to a BCM M4 upper. I could have gone with an upper that didn't have the forward assist or dust cover, but again I got what was in stock. A set of polymer flip sights, a no frills basic charging handle and a semi auto BCG round out the upper.
For the lower, I used a factory ATI Omni gen I complete lower. It weighs in just a hair under 6 pounds unloaded. I could possibly shave off a few ounces by going with a slick side upper, milled out BCG and half a dozen other things people do to shave weight. But I like the current weight and balance of the rifle, and with a 20 round aluminum GI mag, it's still under 6.5#. Nice little light weight rig.