Media storage and streaming, Basic raid home server vs 4 disc NAS

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There are currently a couple different 4 bay NAS systems available for under 200. Should I go with one of those (4 x 4TB drive, raid 5) or same drive/raid setup in a basic low powered PC?

Main concern is storing my massive media collection. Id love to be able to stream over wireless to my LG LG BP540 blueray player but I dont know if thats even possible. I'll settle with reliable storage. I purchasec a netgear router that had a SATA drive bay. Put in teh 4tb drive and it didnt do squat. Couldnt ever upload or use it. I gave up on that turd. Good idea, but bad manufacturer support. Should I just order a low powered PC rig (what software to use?) or one of the <=200 4 bay NAS?

http://www.amazon.com/BUFFALO-LinkStation-Enclosure-Performance-LS441DE/dp/B00MMLWEEU/ref=sr_1_23?s=pc&ie=UTF8&qid=1419730836&sr=1-23&keywords=4+bay+NAS

Thats the one I was thinking of. Name branded, decent price. USB/Gigabit/DLNA/Bittorrent transfer.

Or I could go home server.

What do you guys think? Options/ideas? (at an affordable cost)
 

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of course, the NAS is no longer on sale so as soon as the sale ends, the drives I needed go on newegg's shell shocker sale a couple days ago. I had 2. needed 2 more for the 4 bay NAS. This isnt going well at all.
 
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