I think that a pair for clock and a pair for data seems likely. The handshake wouldn't need a balanced signal.
With balanced signals it's really easy to detect presence/absence of a transmitter, as presence = different voltages and absence = the same voltage on both wires. I.E you can kind of just feed the two wires to an EOR gate and low pass filter the output so you don't get spikes at each level transition when an actual signal is transmitted.
Going off on a tangent:
Was this ever exported outside North America? In particular I'm thinking about running balanced 5V signals without also running a signal ground. That would probably work fine as long as all stations have signal ground connected to mains ground and all are connected to the same electric supply, and/or the power supply is fully insulated with no leakage (Y capacitors) from mains to signal ground. At least in parts of Europe grounded sockets wasn't mandated in "dry insulated rooms" until for example the 1990's (IIRC 1994 for Sweden), and computers and other equipment intended for office use but also TV's tended to have relatively high leakage current from mains to signal ground. That wouldn't work with a balanced 5V signal network without a separate signal ground wire unless each station (technically all but one) use opto couplers (or transformers) for all signals, or all stations share the same grounded power strip (even if the wall socket isn't grounded). Going off on a tangent, this was a problem for computers at homes too. The 80's home computers suffered from either mains leakage to the TV, or the TV being grounded by the shared antenna in a multi family house or via the lightning rod on multi/singly family houses, and other devices also leaked mains to the signal ground, resulting in that you really wanted to pull all mails plugs before connecting/disconnecting certain signal wires. In the 90's this was a problem for TV outputs on PC graphics cards - I've seen "TV output add-on" chips (BT-something) with a crater... The RCA connectors didn't help as they connected signal before ground... Also in parts of Europe you can still find sub panels that are fed with a single wire acting both as neutral and ground (PEN = Protective Earth + Neutral), and current running through the neutral would cause voltage drop that makes the ground potential differ slightly between sub panels. Even more common is this sharing for the feed into buildings from the electric company.
This also reminded me of Acorn / BBC Micro having something I think is called Econet, that also uses 5V balanced signals, without insulation (UK had grounded sockets since forever, or rather since right after WW2) and I've read about problems when using this at some stock market place where they ran this network across multiple floors.
Anyways, this tangent kind of says that any detection of "no signal present" would likely need an analogue circuit, I.E. an OP amp, connected in a way that it can handle input signals outside the voltage rails, in order to correctly detect if both signals are at the same voltage but still allowing them to drift outside the voltage rails. I'd have to read up on the RS485 spec, or the 75185 (or whatever they are called) drivers that they likely use, to know if this is within spec or not. In particular I'm thinking about a mains hum sine wave overlaid with a voltage of a few volts or so.
For hobbyist purposes it seems easy to just for example use RJ45 ethernet wires and connect the extra wires to signal ground. Also I'd use Dsub connectors that screw on to the computer, so if someone trips on a wire they would break the RJ jack or whatnot rather than pull the Dsub. (Maybe use an intermediate dsub between the interface and the RJ45 connector, perhaps the same DE9-RJ45 pinout at Cisco RS232 consoles?).
But I'm getting ahead quite a bit here
Btw re interfacing to other network: Wait until Cherryhomes reads about this and barges in with a Fujinet thing for KayNET!
