Clive,
From your description; I get the impression that the valve is already in place, and so you may not find a commercial device that's a convenient 'drop-in' substitute.
If that is the case, then your RC Servo idea seems perfectly reasonable; but I would also consider using a stepper motor. … Depending on the balance of your requirements, this might have a direct mechanical connection, or be geared-down, or use a toothed-belt.
MichaelG.
Note: There are some very cheap little geared stepper motors on ebay, which were, I believe, designed for controlling louvres on air-conditioning units. Inevitably there is quite a lot of backlash in the gear-train, but I doubt that would be a problem in your application.
Edit: one of many listings, here.
Edited By Michael Gilligan on 10/05/2015 08:20:06