4-20mA Application: need some advice, please

Hi all, I need to monitor six 4-20mA sensors at once, with a resolution of 16 bits. It is half a hobby project and half a favour to my grandfather, although
I'd also like to put it in my curriculum vitae, for further advantage. I am not an engineer, I am a self-taught programmer, but the more stuff I add to my resume, the better, ain't it? ;) So, I think it's now time to start: I'd like to use one single 12V or 24V battery to power all 6 sensors (one at a time), convert the 4-20mA signal to a voltage, channel it (through a multiplexer) into an ADC and read and log the data via a microcontroller.
Could you give me some advice if I'm doing right or wrong? And why?
a) For the battery part, I thought about using one or two 12V sealed lead battery or two PP3 9V lithium 1200mA/H batteries (a friend told me they exist and look like normal 9V batteries, although they have x 10 mAH!).
b) For the input stages, I'm thinking about using a scheme like this:
Battery +24V or +18V (not yet decided) | RES (to limit max current in case of Sensor's short circuit) | ===Sensor (4-20mA type) | MOSFET-- on/off control (would a relay be better? why?) | *------*--- to Analog MUX / ADC (Sensor's 0..20mA becomes e.g. 0..5V) | | 5V Zener RES (to convert current to voltage) | | *------*--- ground I saw the RCV420 by Texas Instruments/Burr Brown, but it costs $22 here in Italy! And anyway I'm not sure it would really help in my application.
The MOSFET is there to "isolate" every other sensor, so that only one is getting current at a time. However, I'm not really expert of high-side, P-Channel MOSFETs and at first I thought about a N-Channel solution, but on the bottom, between ground and Zener/Resistor. The N-Channel solution would cause a measuring error though, unless I can take it into account on the ADC. I think the P-Channel solution may be more "proper" anyway.
The purpose of the bottom Resistor is easy to understand, it will convert the current into a voltage. The Zener is there to make sure that voltage doesn't go too much beyond 5V even in case of a Sensor short circuit (the current will be limited anyway by the top Resistor).
Would a Transil diode instead of the Zener be really useful as protection? I am thinking about some hundreds of meters of cable which, due to its own induction, could kick very hard when the MOSFET turns on. Of course, if a cheaper Zener solution is as good in practice, why waste a Transil there? A reason may be electrostatic interference or nearby lighting strikes, would a Transil be a more valid choice than a Zener then (I know that if the lighting strikes right on the cable, nothing can be saved anyway!).
Now I (think) I could feed directly an ADC input (should I buffer it with an op-amp? Why? The impedance is already pretty low, and while the ADC input may draw bias current, I think I can calibrate the whole system at the digital output, cannot I? Or the ADC input bias current will vary, thus introducing an error in the measure? I'd like to get near 16bit resolution).
I saw some interesting ADC's from Texas Instruments which contain also an analog multiplexer. For example the ADS1243 IC, which contains a 8-MUX, a buffer and even a programmable gain amplifier, and it's even 24 full bits!
Thank you very much for any useful advice, -- Andrea
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Hi there, this what i can think of :

You're using a microcontroller(uC). uC nowadays already are equipped with ADC. So an external ADC is not mandatory. An extra multiplexer is also not needed, cause you can program the uC to pick which channel to process. I see that the chip is 24 bit, but is that really necessary? For 1-5V measurement,that would give : 24 bit -> 16777216 step ->0,0000002384185791015625 V/step 16 bit -> 65536 step -> 0,00006103515625 V/step 8 bit -> 256 step -> 0,015625 V/step for a range of 1-5V, you don't really need that 24 bit of precision. There will be noise that will make the measurement is not precise even an 8 bit is enough precision.

As long as you limit the current flowing to your ADC (microcontroller) to give current at it's limit, a resistor is enough. You don't have to put any op-amp.
I see that you are using a MOSFET to select which sensor is the giving input, it's better than using relay cause relay would be much slower as a switch.
You are planning on transmitting over hundreds of meter so keep the output of the sensor in 4-20mA signal. Transmitting in form of voltage would cause a voltage drop over the line due to resistance of cable. Do the conversion in the end of the line.
Zener diode are used to limit the voltage going to your ADC, so that the conversion don't goes beyond 5v. For lighting protection you can use an opto-isolator between in the end of transmission line (one that goes to your uC).
Regards,
Lukman
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