Go for it.I bought a bare FL2 G4 - ie only has the colour change, dog guard, extinguisher, and body kit - don't you love it when dealers/Land Rover remove the bits?
Will be building up to full spec as time and money allows.
I got a relative bargain as according to the dealer "NO one wants and orange Freelander" :w00t: so be careful, change it if you want to, but don't expect to get your money or time investment back.
The one thing I will comment on is the insurance side, as a G4 the extra bits are insured as standard, as a replica, the extra bits should be insured as extras. For the G4 the Farmers Union dropped the premium by 60% compared to my "slightly modified HSE" 06 FL1, considering the extra kit that is/will be fitted I would check before you go ahead how much extra the additional kit will cost.