Simple serial to ethernet question

Regarding the recent (very much info!) thread about serial to network devices, terminal servers, etc... I have a Dumb Analog Engineer Question. And my DAEQ is this: I gots a DEC PDP 11/44 sitting in my garage (heated) and I would like to have the Terminal Peripheral Devices (TPD) in my Office (O). I just want a couple-three VT-type thingies and an LA120, or 36 or whatever. So, if I understand Things: I hook N ports from the 11/44 serial farm via RS232 to the ports on the TS, thence by CAT5[some_networking_protocol] to the TS in the O, and from the corrresponding N ports ports on the O TS to the various TPDs in the aformentioned O. Right? This saves running multiple RS232 lines from the 'Puter to the Toobz, among other things - like being able to play with one's Legacy Computing Device (LCD) whilst slaving away at the Workplace.... And, if a pair of Terminal Servers is what I'm looking for - I assume 8-channel pairs are cheap? Any reccomendations for this specific task? Cheers John