bigbrain, no offense taken. It's just that to some people, a "Locost" is a very specific car, built to a set of plans or a slight variation thereof. To others, it's a generic term for a homebuilt.
I've been lucky to spend a fair bit of time on Westfields and Caterhams. Never built a Cat, but I've pored over them enough. And they're like jewels. Instead of simply bunging a big 1" tube in to make sure the front suspension area is stiff enough, they build a spider cage of round tubes in this fairly critical area. The interiors are full of bespoke parts and the whole car looks expensive.
As well it should, because Caterham kits are about twice as expensive as Westfields. In fact, I figure you can get a built turn-key Westfield from FM for about the same price as the equivalent kit from Caterham - all you need to add will be the powertrain and a couple of hundred hours.
Ignoring price, the choice of components is an important one. I'll concentrate on the Miata-based Westfield because that's the one I know and I think it's the one best suited to the US. Why? Because it uses parts that are easily available in the US. The wheel bolt pattern used by Caterhams is from the original Cortina (I think) that donated the spindles, and it's one you're not going to find on this side of the pond. Brake rotors, pads, clutches, transmission output seals - all the little things it takes to keep a car on the road over the years. For the Miata Westfield, they're probably in stock at NAPA. Non-Miata Westfields like the Megabusa have a similar problem.
There's also one major difference in the specification of the cars as well - IRS. The Caterham uses either a live axle or a DeDion rear, with a big wishbone serving as a non-parallel four-link setup. The bushing on this bar leads a very stressful life. Meanwhile, the Westfield has an independent rear suspension setup. According to Peter Egan and some other Caterham owners, the steering in the Miata kit is better as well.
I love Caterhams. I'd have an R500 in my garage if I could. But I think the Westfield makes an excellent car that's a good middle ground between the super-cheap Locost kits that require a huge amount of extra work, and the high cost of a Caterham.
Sultan, I'll ask Mark to chime in here and let him explain. I believe it will be for sale.