In a nutshell, they're good guns and a fair value but Gary Reeder's work fits the price point. What that means is that his conversions cost less and for a very good reason. You are simply not getting the fit, finish or bells & whistles present on most other gunsmiths' guns. His goal is quantity, not quality and there is as little hand work as possible. There is no finishing that cannot be accomplished with a heavy hand at the buffing wheel. On his conversions, you're not getting a linebored cylinder. No opening of the frame window for the largest cylinder possible. No blocking of the action. Same for the "engraving", which is actually EDM etching. You're not getting the work of a proper engraver but you're not paying for it either. There is little regard for layout with elements that seem to end before they should, others that are misaligned and some that run off the canvas. More of a "let's see where this stencil fits" sort of arrangement. Which is fine, if it appeals to you. Some folks like nekkid wimmen more than English rose & scroll but let's be honest, it's worlds away from real hand cut engraving. Overall the work is better than factory but still less than you should expect from Bowen, Harton, Horvath, Linebaugh, Huntington, Clements, Stroh, Forkin, etc..
I visited Gary's shop back in the summer of 2012. I took with me my pre-conceived notions but also an open mind. I found my pre-conceived notions to be accurate. I also found an old Colt Officer's Model Match that exhibited a poor attempt to buff out some deep barrel pitting and then a liberal application of "engraving". Looked great across the room but in hand it was an abomination. All that said, I don't rule out ever owning a Reeder gun but it will have to be the right one at the right price.
Not to even get into the personal issues I've observed over the last 15 years. Like losing his composure because a customer wants his old parts back.
Now folks can get all bent outta shape about these observations but it's the truth as I know it.