Let me preface this with I haven't built one yet but I've been reading/following the .224V since it came out. My opinion below is based of that reading....
Barrel length is gonna be kind of a personal decision. most guys seam to stick in the 18-20" range for compactness. But if you want every last FPS then a 24" barrel is a must. Most people will tell you to look into craddockprecision.com for either a criterion, or a Bartlein. But I am also starting to see some more positive reviews of X-Caliber barrels in the last two years, and I'm sure there are tons more. I believe that the 1:7 twist works great in the 22+ barrels for the 88-90gr projectiles. Go sorter than that and the 1:6.5 might be needed to make up for the loss in velocity. As for the receiver, again kinda personal choice but I'd pick up a heavy/thick walled billet upper or one that mounts the hand guard directly to the receiver vs bolting to the barrel nut. Personally I picked up a Mega Arms heavy billet for my build but I got luck when I found it as they are out of business. The Voltor MUR, JP, and the Aero Precision M5E1 enhanced are all worth a look for the long heavy barrels. If you go with a 18" barrel any standard forged upper should work fine. Some like the Odinworks and BCM are machined tight enough you'll need to heat the upper to slip the barrel in.