Not sure if "No B/W TV required" above meant that you didn't need a B/W TV, or if it meant "NO, a B/W TV IS required" .
However, to clarify, the correct answer is that a B/W TV is NOT required, and you CAN use a color TV, but only if your color TV is old enough, and by "old", what I'm referring to is old enough to have a vertical hold knob. Almost all old TVs have a vertical hold control, but the newer TVs have very tight timing, and don't have a vertical hold control.
To make sure, I just tried it with my old color TV, and it works fine. I switched the Fortec to PAL, and the screen started rolling, at which point I just adjusted the vertical hold, and it stopped the rolling. Switched back to NTSC, and it rolled again, adjusted the hold, and it stopped it again. So no need to buy anything new, if you happen to have an older TV that has vertical hold.
It's interesting that a NEW B/W TV also works. I'm a bit surprised.