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If you don't know if your CLEO will sign-off, and you don't intend to go the trust/corp/llc route, then you have no business even shopping for a machinegun before you first talk with the CLEO and see if he will sign-off on your transfer. In my opinon, that's the absolute first step. Otherwise, you might find yourself in a position of buying a full-auto gun and then either having to reneg on the deal, or have your class-III dealer sell it off for you because you can't take possession.
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I went one step further; before I went off buying machine guns I “tested” the trust on form 1’s. Just incase, if it didn’t work for some reason I wasn’t out any money except postage. Yeah, that takes extra time and money but you need to have both if you want to play with NFA stuff.