I'll be only buying the parts. The actual construction/gasing will be done by an AC repair company.
I've briefly looked into equipment required for building a phasechange without help, minimum safety and it ain't cheap...
Known Target: 1/10th of commercial phasechange price with better performance
You've hit the nail on the head! Buying a stock unit like the LS is freakishly expensive, I can get 50,000BTU (sounds crazy!!!) of conventional cooling for that kind of money.
The fact that you've found an AC company to do the build work for you is an ENORMOUS plus. It's not impossible to do it yourself, granted you are familiar with AC equipment, but I know the average PC-enthusiast-slash-college-goer is NO AC technician.
The only thing I DON'T like about phase change is that you will need to eventually refill the unit with new coolant, and as you said, R404a ain't cheap and your compressor must be designed for it. R134a on the other hand I can get for just a few bucks from any auto parts store in ready-to-use cans.
I would look forward to the day where the thermal envelope of CPUs goes back down to the point where phase change cooling won't be required, but I can keep dreaming!!! Currently I'm on phase change, and I'll be staying with it for a while to maximize my investment, but for my next major build I will most likely go over to TEC/water because it is MUCH easier to put together and maintain.
Good luck with your AC build, I hope it exceeds your expectations!!!
Superfly, the Swiftech is an excellent choice, and the kit version comes with the meanwell psu. They build solid products.