Which Build is the better value?

Solution
Technically Build 2 has the better value. But if you're willing to spend money on the new tech, go with Build 1.

Also, change the PSU. The first generation EVGA PSUs are crap. If you get a EVGA PSU, get one of the 2's (G2 or B2).

PCPartPicker part list / Price breakdown by merchant

Power Supply: Antec High Current Gamer 620W 80+ Bronze Certified Semi-Modular ATX Power Supply ($59.99 @ NCIX US)
Total: $59.99
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-11-09 20:26 EST-0500
so this is gtx 970 vs r9 290?

The gtx has the new Maxwell architecture with PhysX, will run cooler and consume less power but the r9 has the GCN architecture with Mantle that I have come to call the gamer's arch.

I would make it a r9 290x but its your choice for little price difference.
 
Technically Build 2 has the better value. But if you're willing to spend money on the new tech, go with Build 1.

Also, change the PSU. The first generation EVGA PSUs are crap. If you get a EVGA PSU, get one of the 2's (G2 or B2).

PCPartPicker part list / Price breakdown by merchant

Power Supply: Antec High Current Gamer 620W 80+ Bronze Certified Semi-Modular ATX Power Supply ($59.99 @ NCIX US)
Total: $59.99
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-11-09 20:26 EST-0500
 
Solution


That's one of the reasons I've never recommended it. And it uses a lot of power. Looks like you did some homework yourself.
 

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