Sean...May I remind you that in the digital world a little signal loss, or distortion, is no big deal. The "ones", so long as the receiver can still recognize them, don't become 0.47's. Also, any "switch" is going to have loss. Two fiber terminations would be involved with inserting a switch. You might have more loss than a splitter.
A splitter is simple, cheap, and readily available. Why not try one, and then see if you can improve upon it by some other approach?
A splitter is simple, cheap, and readily available. Why not try one, and then see if you can improve upon it by some other approach?