I built one last year. I thought I would be fun, and it sort of was fun to build. The biggest pain was drilling holes with a cheap Harbor Freight drill press (If I were to do it again, I'd try one of those step bits.)
I purposely didn't keep a close track one the total amount I spent, but I think I came out ahead of a KMG, especially since I built it with a multi-platen from GIB with 2" and a 8" contact wheels.
I also built mine a little beefier than the original plan, partly on the advice of others and partly because of the availability of the tube steel. I 'rounded up' when I could.
I think it runs well, though to be honest I've never had the chance to use a KWG or a 'real' grinder so I can't make a good comparison.
However, if you factor in the amount of time I spent working on the thing and two trips to Tractor Supply to buy a motor and various parts, I didn't come out ahead. Not even close. But, while I'd like to have those Saturday mornings back and do something else with them, I don't charge my time like that, of course. (If I did, I'd hate to know how much all the time I've spent browsing this forum over the years has 'cost' me.

)
I haven't built the tool rest yet. I wish I could fabricate an adjustable tool rest. The tool rest as designed is pretty cumbersome.
It's one of those things that I'm glad I did, but if I had to do it again I'd buy a Wilmont Little Buddy grinder.