The dedicated photo mixing valves are indeed big bucks. Over the years I have gone through two of them, but no more.
They are a safe bet if you are planning to run a lot of color through an automatic machine while you work in another room.
Two potential problems: they require a minimum water flow rate in gallons per minute to operate - won't work properly on a slow trickle. Second, it is getting more difficult to find packings for some of these.
In a home b&w darkroom where the family knows enough not to run the washing machine or flush a toilet without first asking, while Dad is in the lab, a modern Delta shower valve with "no-scald" feature is perfect.
I installed one with a Weston thermometer in-line ten years ago. Works perfectly. E-mail me if you need esoteric help with plumbing fittings, etc., not generic to a photography forum.