I had a '96 FORD Windstar that had a pretty similar cat.....list price was $1600.....lowest price I could find online was $1200 plus shipping.
It was a "Y" pipe with 2 converters.
I bought a Walker "Direct Fit" unit for just over $321 through RockAuto.
As mentioned, they are not as good as the FORD unit, but I got years of service and NO CEL with it.
The only downside is that it did take much longer for the OBDII system to "complete" the test cycle than it did with the original unit.
The catalyst test is the last test to complete in the cycle....
It did complete, just took longer.
I had about 100K miles on the Walker unit (over 229K on the vehicle) when I sold it.
If you are doing the work yourself, use care to support the flex pipe that will be connected to the rear of the "Y" pipe....if you let it dangle, or flex it too much, you will be needing to replace it......was about $100 last I looked.
Also, in my picture, on the left side of the original converter assembly, you will see a oxygen sensor mounted into the rear of the converter body.....that is the rear-most converter on the vehicle.
When I went to turn the sensor out......with very little turning force.....the whole bung broke out of the converter.
I am talking about the threaded nut that is mounted into the converter body that the sensor screws into.
The metal of the converter body was thin.
In my case, I was changing the converter anyhow, so it was not a big deal.
I used my original oxygen sensors as they were still in good working order.
The reason that I changed the converter assembly was that the insides had broken loose in 1 and was making a nasty rattling noise.....I had already ruled out the heat shields as the cause of the sound.