First, some general comments. Yes, building amps is likely not the value proposition that it was 30 to 40 years ago. On price/performance in today's market, it would definitely be tough to compete against the Crown XLS series with DIY, but to be fair not many commercial products can compete either. However, if you compare to the likes of Emotiva, Parasound, etc, it is a much more fair fight.
But, there is still definitely $ to be saved by going this route. The Chassis, heat sinks, and the Transformer will ALWAYS be the top $ items for any electronics build! If you can manage to scavenge those parts or build the chassis from scratch, the value proposition goes up exponentially!
For the other components, they cost maybe 30% maybe up to 40% or so of the cost of the transformer and chassis. For the other components, remember that when you buy in bulk, the price per component can go down substantially! What that means is that sometimes I could buy 10 of "part A" for the same price as 7 of "Part A". I may only need 5 of them for that project, but now I have the spares for the next project at a cheaper overall price per part. I typically purchase from Mouser or Parts-express and each of those vendors has the quantity discounts on the product web pages.
The "downside" for me (if you really want to call it that) is that I took the $ that I saved on the electronics and used it to purchase an excellent O-scope, a function generator, an excellent auto-ranging multi-meter, a benchtop power supply, etc. So, I didn't really save much $, but I got educated and I got the tools to make measurements too, all included for the price of entry.
Next, remember that ANY commercial product, especially amps or speakers are ALWAYS a compromise! Something is compromised somewhere and design decisions are made in order to hit specific price points. When you DIY, you don't have to compromise to YOUR design decisions, or at least YOU decide where to save $ and where to spend $.
To address your specific questions:
Can you speak to the practicality of building amps/pres? Why do you do it?
I consider it fairly practical, but I'm not the average user either. I admit, I do it mostly for fun and learning! And bragging rights
I assume you can't build a kit to compare with value oriented commercial audio.
There are some kits that I think will compete pretty well. I got my GOBO from Boxed Kit Amps at a sale price for $120 delivered. IIRC, it can do a continuous 18W with 1 channel driven (I only had the gear to test 1 channel at a time). It isn't a monster or anything, but for the price and for a desktop system, I think it sounds quite good. I doubt that you could do much if any better at the price point. Granted, I think it is normally $160---and I would personally not pay that for it.
I heard this one just briefly at RMAF, but I've been eyeing it for quite a while. Seems to do a lot of things right, and is $325 delivered. Personally, I would probably take this one over any of the lower end Emo amps.
http://akitika.com/GT101.html
What about high-end? It seems like there may be some opportunity there. Are there any "Uber-plans/kits"?
Yeah, if you are gonna DIY, this segment has some options and has the best chance of saving you $!!! If you are at this level......"we don't need no stinking kits"
C. Randy Sloan and Douglas Self have published books with the best of the best designs and artwork to make your own PCBs! Good stuff!
You can even purchase PCBs pre-made from the Douglas Self designs......they aren't cheap......but IMO these are THE TOP DOG for a DIY amp or pre-amp.....the guy literally wrote the books on amp and pre-amp designs!
http://www.signaltransfer.freeuk.com/index.htm
http://www.signaltransfer.freeuk.com/invarint.htm
I have not heard any of this guy's stuff, but dang I want to build one of these! Just looking at his resources and measurements, I like what I see.
http://ampslab.com/
Then, of course there are the Hypex / N-core modules that have just silly-good specs on paper.
And, this one has hit my radar within the last year or so, and 1 of the AH members is building it now. TLS approved of it when he saw us discussing it. Just check out those specs!
http://www.neurochrome.com/modulus-86/