I can't speak to the price of the rifle, but I see no reason not to get it. Less expensive than CX4 about the same as a conversion kit and 9 mm upper for your AR.
Everyone should have a Pistol Caliber Carbine (PCC) to shoot just for fun.
A Hi-Point 995ts might be a bit less expensive, but heavier and not as classic as the M-1.
My choice was the 4095TS in 40 S&W and that too is fun to shoot.