Don't use s-video, it's better than composite, but component will be your best option.
Your PCB is putting out RGB. Component is equivalent in quality to RGB, it just communicates colorspace differently, so you need something to convert it. RGB can be converted to component with relatively no loss. This isn't the case with s-video or composite.
Something that translates colorspace without affecting resolution (no scaling or bull-crap like that) is called a transcoder, this is what you need.
These are some very high quality transcoders made by an AV enthusiast:
http://www.crescendo-systems.com/transcoder.htmlI currently have a Crescendo TC1600 that I use to connect a MAME PC and all of my classic systems outputting RGB to my TV's component input. These are kind of pricy, but the quality is worth it in my opinion. Picture is immaculate, and it doesn't introduce any buzz in the audio, as opposed to a cheaper transcoder I have.
Here is something that's less expensive, but pretty popular:
http://www.jrok.com/hardware/RGB.htmlNotice that the v4.1 encoder has component output.
The main differences between these two are:
-The JROK only accepts RGBS input (RGB and composite sync), but this will be fine with your SF2 pcb
-The JROK only accepts 15kHz resolutions, again no problem with SF2
-With some very simple wiring, a Crescendo will work with any kind of RGB input, whether it's VGA (which is RGB and seperate horizontal vertical sync, or RGBHV), RGBS, or RGB with composite video as sync
-A Crescendo will work with any resolution
Basically, the JROK should be fine for your PCB, but a Crescendo would handle that and a lot more. Your cabinet could certainly have the ability to play more than one game.
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As for the TV, for a proper arcade picture it's essential that the TV is a 15kHz CRT, meaning a low res tube type TV. Make sure that it does NOT support 480p or higher, or else it won't display low resolutions correctly. It will display a picture, but it will be upscaled and your scanlines and proper arcade picture will be lost.
A TV from the late 90's to early 2000's will be good; new enough to have a component input, but old enough not to support 480p. I use a Sony "WEGA" KV27-FS120, which is great. There are similar models from RCA, Toshiba, Samsung, etc. You can find a good set on Craigslist for free sometimes. Don't spend more than $50.
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Oh, and a Supergun is designed to connect a PCB to a TV and handle power and controls. You don't need all that if you already have a cabinet.