I am not the ATF, but what it sounds like is the typical SBR AR15 proposition.
Form 1 requires local CLEO sign-off and engraving of the receiver. It's different than the Form 4 because you are registering a new NFA firearm (the resultant SBR), and not simply a transferee of one already made and registered by someone else.
Engraving is simply your name, city, and state. I've used Orion Arms in the past on my SBR's.
Sounds like a nice project and a fun little shooter.
Don
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