I've built both of my 2x72 grinders. The first was a gradual build of the NWGS using plans developed by Tracy Mickley of USAKnifeMaker and the Knife Dogs Forum. The reason I originally went with the NWGS, was because at the time there really weren't nearly as many options for 2x72 grinders, much less kits and DIY setups. What was also really nice was that you could piece it together a little at a time, and pay for upgrades and attachments as you could afford them.
For the majority of the build, I used scrap/drops from a local fab shop, found a used motor, and then pieced the rest of it together as funds came in. Now, at the time, I went with Beumont Metal Works wheels (they make the KMG) for the 8" contact, drive, tracking and idler wheels, and that added up to about half of the cost of the machine right there. Now days, there are much more economical wheel options, and some of them are arguably as good, if not a little bit nicer in quality (I recommend VWJackStraw on ebay).
Full disclosure: I have made a number of modifications to the original plans to suit my needs a little bit more, but as the plans currently sit, it's still a pretty nice machine, and a flat platen setup can be pieced together for probably less than $300 if you shop around for parts and pieces, and you still have an expandable machine that can be upgraded or added to as you go.
The next best option after that would probably be a GIB or one of the other Polar Bear Forge kits, but you'll probably end up needing to spend a little bit more, although it will be a much more professional looking machine (arguably) when finished.
Now, my second and most recent grinder I designed and built from scratch, using 3D CAD software and having a majority of the pieces cut via waterjet. When it was all said and done, I could have probably purchased a number of single machines for about the same price (if not a little bit cheaper in some cases), but IMO they wouldn't have been nearly as versatile, well made, or have nearly exactly what I wanted in a machine. Granted, I had been making knives for several years by this point and had done about as much research as one can do on what was out there and available, so I had a very good idea of what I wanted, needed, and could accomplish.
Untitled by
AR Custom Knives (Andrew Riley), on Flickr
As for time frames, the actual assembly isn't super long or involved for most kits. It really depends on what kind of tools you have at your disposal, as well as how long it takes to source parts and pieces.
My Riley Grinder took more time to design and get the parts ordered in that it probably did to put together. It took a few days to do some final machining on some parts hear and there, but overall it was a "relatively" quick and easy build. I know a lot of guys get a little hung up on the build times, but unless you're getting paid by the hour in your shop, I don't think it needs to be a huge consideration, especially considering it's a one time investment, and if done well and properly should give you decades of use (with regular maintenance of course).