Well guy's, doing a component video switchbox is not going to be easy or particularly cheap. You will need a bandwidth of at least 100 Mhz if I remember correctly, this requires special HF relays for the switching. Mechanical switches cannot be used here due to the high frequency. Since RCA connectors are never a 75 ohm impedance I have some questions as to whether there is such a thing as a high quality RCA for this application.
It's no surprise to me that the 1Ghz switchbox you were quoted was that expensive. Their is not too much of a demand for these kind of things. All that aside; you should try some of the pro video web sites and see what they have. It wouldn't surprise me to see something reasonably priced.