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As far as my opinion of amusement and function goes, SBR all the way, baby! I've shot pistols, pistols with braces, and proper SBRs, and the SBR is always the easiest, most comfortable, and most accurate of the bunch. I've never regretted any of my stamps. I think the reason why the SBR Victor has a barrel 4" inches longer but 1" of overall length is that the SBR has a collapsable stock; you can get a shorter brace setup or a folding adapter if you want the OAL to be shorter for the pistol. By the way, I have a 7.5" barrel AR SBRs and GOOD LORD, 7.5" is PUNISHING on the ears. If you go with the off the shelf Victor pistol 7.5", you should be aware that shooting it indoors is literally better than dying in a gunfight and not much else. I use a 10.5" unless I have no choice on the shorter barrel for some reason.

So, the main issue you'll run into as a practical matter is whether or not to do a Form 1 or Form 4 to get yourself one of the SBR Victors. Form 4 is what's used to buy a SBR in the configuration of a SBR from a store or manufacturer, and a Form 1 is what's used to take a pistol or a full-length rifle and then change it into a SBR yourself. I heavily recommend doing it yourself on a Form 1 for two huge reasons:

1 - If you buy a Victor pistol, get a Form 1 stamp, and then add a stock yourself, you can then take the stock off and revert to a pistol whenever you like. This can help a bunch if you cross state lines or other such situations where a SBR is inconvenient or illegal. You also will have the pistol itself to enjoy on the range or to carry for however long it takes your stamp to come back, but a Form 4 transfer is stuck in the safe at the dealer until it's approved.

2 - The ATF processing time difference between a 1 and a 4 is insane at the moment. A Form 4 has to be done on paper and has a wait time of 280-310 days right now, so if you really want a SA Victor off the shelf, you might have yourself a nice Christmas present this year. A Form 1 can be done electronically on your home computer and is almost infinitely faster... not to bring up wounds with forum members who are waiting on a silencer, but I submitted my last eForm 1 on 3/31 and it came back on 4/10. If you don't mind springing the extra $200 for the stamp, just having it in case you want it is hardly a hassle of time or effort anymore.

Hope this helped!