Ah-ha! If I set the rocker switch to input 2, I get 39.7K on terminal 1 & 5 (with red & white wires re-attached). Input one gives me 19.7K ohm on terminal 1 & 5.
So, I assume this means either the switch, wires, or rca inputs running to input 1 is bad? I've checked continuity to all solder joints running to the switch from terminal 1 & 5, and from the switch to the RCA inputs. I do not see any resistance on those, and they pass the continuity tests. This makes me think the culprit is internal to the switch or the rca input itself?
For now, I assume I can just use input 2, do voltage tests, set the bias and use as is?
I have more of the cat 5 wiring. Should I order a new input selector switch and a set of inputs?