If I'm not mistaken, the only rifle caliber you can do on a 1050 is .223? That (and caliber change cost)was the main reason I went with the 650.
I hate to break your bubble about saving $600 though. By the time you add the casefeeder, and discs, toolheads/powder measures/dies/caliber change overs you'll have spent around $1K. (I just did it 6 mos ago)
You can choose to use your own dies to save money, many do and are happy. I tried my RBCS dies in it and promtly sold them to buy Dillons. There is a method to his madness in die design for use in a progressive press. I could never get a very good production rate with standard dies.
I think the 1050 is overkill for your intended use.You won't regret buying the 650 or the 550 for that matter.
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