All written above is true in my experience. From what I've heard from those who build rifles for a living, the double lugged ones are maybe a little more tempermental and you have the extra aspect of occasionally torquing the action screws every know and then (you might need to consult one of the knuckledraggers you know about that).
I've got a rear-lugged M1A supermatch. 3300rds through it (a good 3 years worth of matches) and haven't had any problems with the bedding yet. Steel bedding is pretty rugged stuff and IMO, the rear lug is overkill unless you are getting paid to shoot a hundred rounds a day, six days a week. If I had to do it again, I'd have a rifle built on an LRB standard non-lugged receiver. You can spend the money you saved on a sling, coat and glove.
I shoot a walnut stock--it's a nice piece of wood--and haven't had problems with it. I sealed the heck out of it inside and out.
Getting an M14 to shoot for match purposes is more labor than components. You need a bedded action, fitted sights, unitized gas system, and a trigger job. The other stuff ("NM" spring guide, "NM" flash suppressor) is good, but small potatos. SA Inc's high end rifles are still somewhat mass produced and you can get a better custom built one for cheaper (lotsa used match M1As out there).
Unless you're an experienced highpower shooter or are extremely talented, you're not going to be able to tell the difference between one match barrel and another. You might want to same some $$$. A standard GI barrel will probably suit your needs for quite a while if the rest of the rifle is tightened up.
Ty