I've been thinking about getting a Hypertek motor system as well, on the premiss that there's usually Hypertek GSE at the Orangeburg launches.
The major costs as I see them; the motor system and electronics. Hybrids, as you well know, do not contain a means of recovery system deployment. The simplest electronic device to use would be a timer, but altimeters with deployment at apogee seem to be much more popular [as well as eliminating some of the guess work of calculating coast time].
Another "cost" would be a hybrid-ready rocket. I'm sure there are more than a few people on here who could share with us their knowledge of making an existing rocket hybrid-ready [extending the motor tube, sealing off the recovery area, installing a vent hole, installing an electronics bay, etc]. OTOH, there are a few rocket kits available on the market that you can build hybrid-ready.
As for me? The way I would like to go would be to modify a PML Ariel [not hybrid ready in stock kit form], and use dual-deployment. That's going to be a loooong ways off, though. I've still got a car to pay off...