Just a couple more notes here:
AMI Has a couple different BV11 "M49/50" style transformers:
------------ AMI TRAFO's ---------------
BV11A: Direct replacement for M49/50, historically correct -> AC701, AC701K -> $450
BV11R: BV11A with extended low and low-mid frequency response -> EC92, EF732, 5840, 6072a and 12AY7WA -> $450
T49: Similar to BV11, same ratio, can be used instead of T14, PCB mounted -> AC701, ECC81, EC92, 6072, 12AT7 and 12AY7 -> $85
------------ AMI TRAFO's ---------------
I have used the BV11R and T49 in this circuit (Olivers M49c conversion with some sections added back in from the original that are not in the AMI conversion) and I prefer the BV11r with 5840's although the T49 is also quite nice. I'm planning to use the BV11r's for this set so will need to wait for funds availability.
I may spring for a pair of AC701's one day but am completely happy with the results when pairing a 5840 with a BV11r.
The cool thing about the C version is that you can use a stock chinese PSU if you want (for example from a GT2B kit) and mod that with a couple zeners to drop B+ (and P+) from about 150V to 120V and insert a series standard diode into the heater supply (just before the connector) to drop the 6.3V heater down to about 5.6V.
This makes the mic pretty affordable to put together depending on your doner-body, capsule, and transformer choices. My other pair uses Tim Campbell CT12's and I've got a BV11r in one with a T49 in the other. They are slightly different circuit-wise too (really hard to keep stuff stock when tweak options also sound "good"). In any case these with M7's ought to provide some more sonic-options for my dirty little red-light-habit
Cheers,
jb
PS: I haven't used any of the other BV11 style trafo's from other sources but would certainly like to and maybe paired with some RK47/7/12 capsules could be very affordable.