First you start with the rifle itself:
$1300-$2000+ -SL8-1 or SL8-6
$150-$200 -G36 Triggerpack/Lower
$50-$150 -G36 Stock
$40 -G36 Buffer
$75 -G36 demilled Stock Hinge
$20-$30 -G36 Magwell
$50-$70 -G36 magazine
$100-$200 -Bolt for double stack mags
$125-$250 -Barrel work
$500-$1000 -Labor to Install all of the above
G36 Optics or Rail: $125-$600
Roughly: $2410-$4015 (+optic or rail) Depending on how much you need done, and have done yourself, and how much you initially paid for the rifle.
You'd be in serious need of US-made parts: US Made Bolt, Piston, Trigger, Sear, Floorplate, Follower, or Operating Rod. for a tad bit more cash. I'd recommend dyeing the gray SL8 first, so if the finish comes off, it is still black underneath.
As for the differences:
Here is an SL8/G36 Conversion using the Top Notch Lower & Stock
The Top Notch conversion is usable without modification to the SL8 receiver. it adds 2-3 inches to the length of pull & eye relief to optics and irons. That extra length makes it difficult to use the G36 optics & the iron sights. Plus, if you are a G36 fan, it makes the rifle look wonky. Being as this was the only way to do the conversions for many moons, most people just had to make do. the complete kit came with a US made bolt, piston & AR15 magwell. The kit itself has a US-made stock & pistol grip (though, you'd do well to replace the US-made stock with the shorter, more comfortable G36c stock.)
Price, if you do all of the work: ~$1940-$2955 + Optic/Rail
Here is the HDPS conversion
It is a lot nicer than the TN conversion, but is way more expensive. Not only is the block itself pricy, but you need to buy lots of the other G36 replacement parts as well. Also, the main issue is that the HDPS block still adds those couple inches to the LOP & Eye Relief. With the HDPS, you need to buy a G36 lower/triggerpack, G36 stock, the pins to connect them, You'd still need a bolt, magwell, and US compliance parts.
Price, if you do all of the work: ~$2095-$3200 + Optic/Rail
Here is an overlay of the TN conversion with the new style conversion. HDPS would look similar:
The magwell on the SL8 needs to be modified to use doublestack mags (AR15 or G36), and you need to have a bolt that will strip rounds from a doublestack mag.
Magwell before filling (w/ modified AR15 magwell & Lancer mag)
Magwell after filling (with G36 magwell & mag)
In the end it is about how much you want to spend and how close you want to get to an authentic G36. None of these conversions allow for the G36 bolt carrier to fit into the SL8 receiver and that keeps the rifle from being able to go full-auto, even if the multi-position lowers are installed. For additional safety, on mine, the G36 FCG internals (Fire Control group) have been replaced with the original SL8 internals, which are obviously semi-auto only.
The pricing numbers are rough and should just give you a general idea of the costs. They are consistent to themselves and, I think, fair. They don't include things like tax or shipping or reflect on availability, lead times or anything else. I wouldn't go into this thinking I could order up all of the parts and send it off for conversion and get it back in two week. This process can take several months, I know some people who have spent several years, slowly converting their SL8.
For me, it was quite a process and I am extremely happy with the end result. It has been worth the trouble and cost.
~Icarus