I agree that the 500mm is one of the better mirror lenses out and its auto focus to boot. But, you are stuck with 500mm which is great when you need it, but what about when you don't? When you don't need the reach you have to change lenses and it will be in a dusty environment, which as we know is horrible for digital sensors. I like the 50-500 because you can keep it on there for the most part. You also talked of renting a new alpha body or older Maxxum body. You have to think he has to rent this body for 10 days. I remember from an earlier post that renting (a D70) was something like 300 a week. I don't remember the actual price but was very high considering you could buy one for what it would take to rent one for a few weeks.
Z