That would pretty much be my solution if I didn't already have a G1 collection (which I'm assuming, correct me if I'm wrong, is your position).
I collected most of my G1 toys during the 1980s and 1990s. My Hasbro G1 collection is approx 96% complete, so I'm not really an "active" G1 collector - but rather an opportunist who will pick up the odd G1 toy that I need if I get the opportunity to get it for a decent price. I seldomly actively go hunting for a G1 toy... hence why I don't even have an eBay account.
But if I didn't already have a sizable G1 collection, I seriously would NOT bother starting to collect G1 now. As you said, it's a big hassle and expensive too. Buying current Transformers is expensive enough as it is -- I don't know how I'd be able to afford retro-collecting G1 today. If I really wanted a "G1" collection I'd just go for things like Classics, Binaltech and Masterpiece. They're more fun to play with than the vintage G1 figures anyway.