I built my first couple, but now I've got Wilmonts. I wouldn't trade the time spent building them, as they contributed to my mechanical aptitude, and I've rebuilt numerous large machines in the years since, but you have to ask yourself if that's something you're interested in and have the time for.
Once you spend (or waste) money on fasteners, tooling, materials that will and wont get used (you'll either buy stuff that isn't right, or you don't need, or you'll spend the time(money) in exhaustive planning instead), potentially machinery if you don't have everything you need to build, etc. You'll not save any money over buying a Wilmont LB-1000. I certainly encourage it as money and time well spent though if you're interested in machinery and how things are made beyond just knife making however.
Some guys only want to know as much about machinery, machining, etc, as they absolutely must to be able to make good knives. I'm not one of those persons, and I think it makes me a better knifemaker because of it and I have a lot of fun learning about various things, but I also spend as much time on shop projects and research as I do making knives.
So, you'll have to decide what's important to you in the end. I'll send you a PM btw.