Interesting commentary here... always is, really.
The reality of our (and your) situation is this: You have to have a projector that is capable of taking the encrypted digital cinema package from the supplied hard drive, feed it to the projector and, with the separately provided KDM decryption key, turn the gobbledygook into a movie. This means you have to have a projector that has some relationship with the DCI standard. Currently, that means a Christie, NEC, Sony or Barco digital cinema projector and a compatible server, made by one of a small number of manufacturers.
Right now, there are no other options for you, if you want to play mainstream content from the big studios. Research all you want, but if the machines do not meet the compliance requirments of the studios, the movies won't play... or the studios won't serve you... or both. Some people are considering "event projectors" that will work on large screens, but can only play content from satellite or "blu-ray" devices. Those projectors can not play digital cinema content, and probably can not be economically upgraded to do so, if at all.
Disney has gone so far as to publish a list of projectors and servers that their product must be shown with, or they may choose not serve you. Draconian as that might seem, the list includes pretty much all of the digital cinema gear out there. You might look that list up.
In any event, you're not going to dodge the cost factor here. Even a used solution will run you a whole lot of money, assuming you can grab a used machine before someone else gets it.
As for "inspections"... everything I've seen, read and heard indicates that the specification oversight is mainly VPF-driven and is part of the pre-sale process. The installing company checks out your theatre and what it currently has and, with the proposed digital equipment package and any booth modifications, determines whether it meets DCI requirements. If it does, they sign it off and you're good to go. On the other hand, if you're not going for VPFs, then you can buy anything you want and feed the audio into a bull horn, if you like. If the projectors/servers are compliant, then the serial numbers go to the studios and away you go.