Actually it was mentioned in the post above yours about how bad of an idea tiles (and all the basic copies of) are. I think above that one as well.
Sherlock is $151 and comes with 2 years free service and costs less than 4 dollars a month after that to keep active, im sorry but there is no way you can beat the pricing considering its all been already designed and built for you, comes with an app, and to keep an active connection on anything else you would probably spend just as much monthly for the bare minimum (as in purely a text message based communication hub with the home built tracker, when used minimally.) Not to mention that Sherlock is is active responsive, it tells you when the bike is being disturbed, unless you program the Arduino to check for disturbances (which requires additional hardware to detect motion since GPS location can change even if the object didn't move an inch meaning it isn't reliable until it recognized a large change) you won't be immediately notified that your bike is being f***ed with, you'd only know after you go back out for it.
Also Sherlock is already small enough to fit inside the handlebars, you'd be hard pressed to squeeze something powerful enough into the same place which means you might have to cut a downtube open just to hide it.