I've been doing choice #2 for years on the same projector through a $20 switchbox and cannot tell the diference from my seating position. This is your best option. If you can afford a better swithcher, go for it, but it's easy to upgrade that later. I even bought a cheap (but well made) 25' VGA cable off the same guy frm ebay, and it works great. Simply can't justify a $300 custom cable for a $1500 projector, there is not the difference.I'd spend $50 or $100 on a cable, but there are not at that price. Either real cheap or real expensive. The cheap has worked well for me.