I want to qualify my statement so as not to discourage any prospective new hybrid flyers.
My perspective on costs is based upon my personal flying preferences. If I had money to burn (sic), I would simply fly more model and large model rockets. HPR fascinates me and I am (still) working on a L1 project, but whenever I get some free time I find myself playing around with the little guys. That said, a hybrid/GSE/electronics initial investment is simply "relatively" expensive. $200.00 of model parts is much more appealing to me than it would be to someone more involved in HPR.
Anyone interested in HPR should certainly consider the lower per-flight
costs and lack of regulatory hassle as major incentives. The requirement for electronic deployment is, I believe, a "bonus" in the long run as it encourages additional technological involvement; a fundamental benefit of sport rocketry. As an ex-electronics tech and an avid shooter/reloader, I am already comfortable with electronic recovery requirements.
So, I did not mean to imply that hybrids are "too expensive". They are just relatively expensive compared with my primary interests.