Gapps are not included and you must flash SuperSU to get root. I will do my best to add root soon.
Please let me know how it runs if you are brave enough to test this.
Pure AOSP...for now
Stock kernel...also for now
I recommend TWRP and a clean install. No dirty.
1. Wipe System, Data, Cache, and Dalvick Cache
1.5. If needed, unmount System
2. Flash ROM
3. Flash GAPPS
4. Flash SuperSU for root
ROM: KAOS ROM v1.1
GAPPS: BaNkS GAPPS
SuperSU: SuperSU v2.00
(018) Nexus 5 (3.4+ Hybrid/UV/OC/FauxSound/Intelliplug/active) [06-04-2014]]
[GPL] [SM 4.10] TheArkenstone [3.4.x][N5]]
Rascarlo (for inspiration)
Added SuperSU apk (user must still install binaries)
To do list:
Built in root