Chad- the "Box" you refer to in being able to watch multiple cameras on a "tv" (most use monitors- they have no tuners) is called a
multiplexer . They can run anywhere from $300 up to $2K. They can display the camera name/location and up to 16 even 24 images (cameras) at a time, in different screen configurations. WAY cool. They also have the output signals for sending them to time lapse recorders. A note about time lapse recorders- they are just that. The ones that record for weeks and months at time, only capture an image every 5 to 10 seconds- plenty of time for someone to sneak by un noticed. Every installation we did of these units required the changing of the tape every 24 to 48 hours. They then kept a library for one month or more. But they had nearly full video capture- not just time lapse. It all depends on your budget and needs.
Cameras in general- yes B&W will capture a more clear image than color any day. They have much lower LUX readings and make them a better choice for exterior housings in poor lighting. If you really want to have fun, B&W infrared units are available for total darkness capture. As far as resolution goes??? How much do you want to spend??
A good B&W camera (Sony ExWave 1/3CCD - $225) has 570 lines of resolution and will capture in . 04lux. More than most people need for monitoring.
Most Color cameras (for converstation, a Sony 1/2"CCD- Price $750) will only have 470 lines of resolution, and only capable of a . 8lux capture.
Keep in mind that 0 lux is complete darkness. . 8 lux is some ambient light- but still better than the human eye can see. If your property is lit, you should have no problem. B&W cameras still beat color cameras for night security. We would often install combo cams that could switch to B&W capture at night to improve visibility. Mercury and sodium lighting make color cams look like I TRIED TO BY-PASS THE CUSSING FILTER at night. As you have also found, B&W are considerably cheaper all the way around. Message or E-mail me of you need more help or info

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Kev