m58:
Before you invest time and money in changing your gas block and sight, mount the red dot and see how nice it is.
+1. The red dot and the existing front sight should "complement eachother",. That little hologram right at the top of your front sight can help tremendously in rapid target acquisition and keeping the gun in line downrange.
It maybe needed to use a laser bore sighter to ensure the front sight post is aligned at the right height with the red dot, and rear BUIS should be able to remain as intended, may require a front sight adj. tool. About $5-8.
I did it with mine, without a standard front sight but flat gas block. With both of my flip up sights up, and red/green dot activated, and a laser bore sight in the muzzle, I started at 15 yds. and adj. until the BUIS, and red dot were on top of the laser bore sight, and walked it back to 25 yds. for zero, and locked it there.
I intended my AR for a CQB type AR, so zeroing at 100yds was not the intent, but can shoot and group minute of Dixie plate from the standing position at that range. (Minute of coffee cup saucer as ranges decrease)....
The bore sighter saved me ammo and did the "work" for me until I verified it at the range.
This may work for you. Like m58 posted, try it. It's still an AR and options and configurations abound.
Best of Luck
tw