I did this on a Zesty 214 as per Chakaping.
I think it was similar:-
RS Recon 140’s – £140
Deore level no name crank £50(?)
Deore shifters £20
SLX rear derailleur £30(?)
Lappierre stem £10
Lapierre saddle £10
Alex SX44 wheels £60
Had to keep the front derailleur (direct mount), kept the brakes cos Formula RX are powerful and fairly light. Struggled to sell the seatpost and bars so I’ve used them on other bikes. The wheels had to go on ebay, cos most people on here seem to want bolt thru or convertible front hubs nowadays.
The Float R shock seems fine to me because I can’t be bothered with the faff of propedal on / propedal off.
So probably not worth doing unless you’re intending to keep some of the bits it comes with. To back up chakaping’s experience with the forks, if you look on ebay, its always the tapered forks and 1.5″ steerer forks that go for peanuts cos nobody has frames to fit them yet. I sold a load of other stuff too, so I cleared what I’d paid for the Zesty (£1200) anyhow.