For the price, you can't beat the Heidenhain , it is an accessory to a Heidenhain DRO, but you can buy it separately, I think the current price is under $1k.
But the words 'Professionally built' and 'Cheap' do not usually go together.
This is a professional unit, and very accurate.
It requires a 5vdc supply but you can condition it to 24v with an extra transistor.
Al.


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I don't really see how it could be a 5 way since any movement of the switch in any direction breaks contact and opens the circuit.
