@musculobog Do you want to improve the handling? Or just lower for the look?
I second everything
@Lindenwood said.
If you want any kind of handling improvement, replace the stock dampers/coilovers. Don't bother with anything else before that.
If you just want the look of a lowered car and aren't seeking any handling upgrade, then springs sure seem more cost effective. Is the 0.7" drop compared to M3LR or M3P PUP? If the former, then that is a properly mild drop and I think that's a good thing if you're going to pair them with the stock dampers.
One last note, I've seen some reports on here that the KW V3 for this car are very stiff. They surely won't have the underdampened issues of the stock suspension but they might be overly stiff for what you want. That's just what I've read here, not firsthand experience!