IIRC, the reason for monochrome was that not all users needed color composite. A lot of Amiga 1000 users were buying monitors. So they could save a bit on the 500 and get the 1084 monitor and be done. Those who needed color composite, were not probably not buying the 1084 and would instead buy the A520 adapter. If the 520 wasn't available immediately whenthe 500 came out, it was available shortly thereafter.