As for low cost... as a canadian, I am at more of disadvantage cause of the dollar... so that $200 would probably be about $350 by the time I get it here... that's way too much for my "low cost" for value versus material / functionality.
I am a hobbyist wood worker... so I tend to rely on hardwoods to make things out of ... cause its easy and I have most of the tools but in general most people can also do things easier with wood than metal. Having said that, my "2nd design" with extension piping would probably use a combination of wood "adapters" / plates and metal for strength and attaching between the pipes and end materials (ie. ceiling on one end and projector body / mounting plate on the other). Basically, if you go to a biulding materials store (eg. HD), I think they usually carry galvanized piping / posts for "frost fencing" (that's what we call it up here)... wire mesh screen with those X patterns. Anyways, the posts / x-members come in various diameters from 1in to 1.5 and bigger. You could "easily" buy a 6 foot length of 1in diameter ($5) and a 6 foot length of 1.25in or 1.5 in diameter ($6). The post material is easy to cut... actually up here is already painted either white or brown. As you can readily see, I hope, you could "slide" the small post inside the larger one... presto... you have your extension design much like that in the link. You only need to cut the pipes to provide the drop that you want (eg. 23in for the outside and slightly longer for the inside one ...say 30... to give a little bit of end to work with and also to keep some of the sliding pipe inside the "sleeve pipe". From there, take a drill and "strategically" drill 1/4 holes thru each pipe (completely thru the diameter) so that you can use 1/4 bolts to "lock" the pipes in place. The hole would be at the bottom on the outside "sleeve" pipe and at both ends of the inside slide pipe.... that way you would lock the slide pipe at the lower position for deployment and slide it up / in and lock it up for "storage". Is this word description understandable? For "stability", you might have to have a second bolt... slightly higher up (1 in) at right angles to the first one so that you are "locking" in both two "planes". Attaching "adapter plates" won't be hard... I don't think. For instance, you could use a 1 sq ft of plastic (1/4 in thick)... a sandwich of two sheets.... this is what I used for my DIY mount on my X1. Bolt your projector to one sheet (heads are hidden by the second sheet of the sandwich) and have bolts sticking up thru the second sheet... heads buried by the other sheet... so that they don't intefere with your projector case. The bolts stick up receive small 1.5 in right angle brackets (four) in a square / "circle" that form a "recepticle" for the end of the inner sliding pipe (ie. 1 in square). Drill a set of "cross holes" thru the pipe end to receive "self threading" bolts that that will then attach your "plate assembly" / projector to the bottom end of the inner sliding pipe.... note the bolts don't go right thru the pipe (ie. are say 1/2 in long)... if they go thru (which is alright), then you would have to offset the cross a bit so they don't interfere with each other... you might have to use longer right angle brackets... say 2 in ... ie. 2 at 1.5 and 2 at 2in long. A similar technique can be used for the top "adapter" to your ceiling. You can also use 3/4 hardwood or 1/8 aluminum plate among other things for the plates... what ever you can get your hands on or like to work with.... actually I used some left over laminate flooring... the 1/4 in type that come in 4 ft by 6 or 8 in wide "fake wood" patterns... its plenty strong enough (two sheet in a sandwich) depending on how you "seat" your bolts. Hope it is understandable. Its pretty straight forward and doesn't require much other than a drill (press would be useful for "perfect right angle / straight holes... but not really necessary) / some bits, maybe a file and maybe some countersinks.... hack saw / grinder to cut the posts.
As far as a "universal mount", it might help for adjustment / alignment, but it is not absolutely required as some people have use a similar method as I described with longer bolts / spacers / washers / wing nuts that they "adjust a bit" (one time) to help with alignment. Universal mounts typically give you more flexible adjustable that you can do any time and as often as you want.
As for the Bret mount design, if the adjustments are as they appear, it would probably mean that the outside sleeve slides down on an inside pipe / tube and hence why the locking mechanism is the way it is. Again, perhaps you might be able to just "flip" the thing so that the "ceiling end" is now the projector end and vise versa at the other end.... not sure from the picture but I am sure a handy guy like you could do it ....
