I believe that the SIG 551 lower is not the firearm; the serialled upper is*. Thus, I believe (I am not a lawyer!) that possessing a full-auto SIG lower is legal. However, if you also own a semi SIG 556 at the same time, you are in possession of a contraband machine gun, even if you never mate your SIG's upper with that lower—or, even that it would be possible to do so without some work. The BATFE can be very creative in these situations.
Best not to play with fire.
Regards,
Walt
*The inverse of the AR-type rifles, where the lower is the firearm.
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