Sorry. I rarely look at a person's location. Since you don't need to IM your vehicle, a good aftermarket cat will serve nicely at far less than the cost of OEM. Most any of them should provide catalyzed exhaust sufficient for system requirements.
Seems to me that you can avoid use of the downstream O2 sensor with dummy electronics, but I have not paid a lot of attention to this. The first O2 sensor will regulate the injection system without a cat, as I do on my 5.0L Ford engine in the Jeep. The Ford EEC-IV system didn't use a secondary O2 sensor so I didn't have to do anything other than install O2 sensors in each exhaust tube. For the later OBDII systems, as long as the secondary sensor is providing a median signal, the computer won't know whether you have or don't have a cat, so you could cut it out of the system if you have a signal source. I would have to look around to see what is out there for the purpose.
But to answer your question about after market cats, they are okay, but as with most things, you get what you pay for. Cats use rare metals and high tech ceramics in their construction, and are not cheap to manufacture, so if you find one for dirt cheap, it isn't likely to be high quality or durable in construction. I would expect to pay around $150 or $160 for a good cat.
O2 sensors are just plugged in. No fussing or special tools. The nut part of the body is delicate so use a wrench that actually fits. Many are now metric (18mm I think) and I would not use a US spec wrench. You can use a crescent if the sensor is not stuck or jammed, but if a firm bump doesn't get it going with a crescent, I would find a proper sized box end wrench or one intended for tube nuts, as found on brake lines.
OBDII is an adaptive system. When you pull out one sensor and install another, the computer is going to be a bit confused at first because of signal shift. No two sensors are identical, and the OBDII tracks and records signals from sensors every time you run the motor. Point is, once you install a new O2, especially if the original one was DOA, it might take a few miles for the computer to log and adapt to the new signal, because it will have been adding or subtracting [comparatively] large voltage numbers to normalize the signal actually received from the old sensor. it will start by adding or subtracting these same adjusting or calibrating amounts to your new signal, which it won't need to do, but it takes a bit of time to realize the difference, and adjust. You should not have to do anything special, just be patient. During install, use a small amount of anti-seize on the threads, but DON'T get any on the sensor. Also, don't get anti-freeze on it, as this can kill a sensor instantly. I would not expect this to be an issue in simply replacing a sensor, but store the information for future reference if you ever have to pull a head, or if you have a broken head gasket. Ingested glycol will kill the sensors. Treat the sensor tip as if it were a halogen light bulb and don't touch it or allow anything else to touch it when installing it. Don't try to clean one, either, as it won't work.