Does it have to be an AK? How about an SKS, have you given them a look?
I mean, they aren't pretty, but they are reliable, and I think, more accurate than a standard AK - plus the price difference could go towards quite a bit of practice ammo. Or, at least it could have. I haven't priced Import Ammo in awhile...
Just a thought - I don't know anything about IOI. Never come across any of their stuff, but the AK itself is not a real common unit in our shop.