I am creating an underwater ROV that will make use of a 40-50 meter CAT5 cable as a tether. I need to transmit commands/sensor information to and from a custom control board in the ROV while also sending camera data to the surface from a repurposed USB webcam. I want to use one twisted pair for the microcontroller on the ROV control board while using the second pair to directly send camera data. Ideally I don't want this data to be received and sent by the microcontroller in order to reduce MCU cost and overhead.
So far I have considered RS485 as well as single pair ethernet. The issue with RS485 is that it seems it won't support sending 720p video over more than say 30 meters (assuming a data rate of around 6.5 Mbps). Single pair ethernet is promising but would require two stages of bridge ICs for both the camera and microcontroller which would be costly. Any ideas on the most effective method to transmit these two data streams to and from the surface would be much appreciated.