Bus over power would be prefferable. I've seen alot of systems that actually use stuff like this. Like PLC, or another system i know is "Siedle", which is a network of intercomm systems. They have speaker mircophone modules with integrated I/O's for door control. Also actually a voice transmission is possible, and the system works like a charm. In our case, the bus would be used in a very very low duty cycle. Imagine a group of 30 devices on a single "gateway"/busmaster. Each device would only send 3 transmissions in an average time frame of 3hrs. The transmission contain only very few data (16 bytes + adress bytes)
The bus over power, would bring the application alot of benefits. Since this would be a module to sell for a comercial product, you have to weight-in the commercial factors.
Imagine you simply can run 2 generic power wires to the device, stubs could be simply be connected by "cut in" connectors that would connect to a bigger main wire. We use this connectors for another project that only needs power. This task is rather simple can can be done by almost everyone.
Now 4-wire solution would require the main loop cable to fan out to some kind of connector, which would be connected to stub. In its simplest form, this would be a screw clamp. Since most busses need twisted pair or anything like this, instead of wires, a cable would be required, this also would bring de-isolation work, and complexitiviy because of the bus wires, that would have to be connected right.
Maybe on devices in numbers <10, it wouldnt make any major difference in mounting costs. But when speaking in numbers of 1500 devices per customer, splitted in to 15-30 devices per group, the installation cost for a 4-wire system would increase alot, therefore make it more expensive, and less likely to be sold.
As far as i found, there are a few ICs that are specially made for my problem.
Like the AFE031 from Texas
http://www.ti.com/lit/ds/symlink/afe031.pdfAny infos about possibility of using this devices ?