The link didn't end up on a valid page so correct if you want someone to check it out in detail.
As far as using a TV, you can actually do very good with one.  As a general rule, CRTs (flat or curved) will be similar to arcade monitors just because of the technology used.  Couple that with a lack of filters (hardware scaling only), and you get a picture that looks very similar to arcade monitors.  It won't be AS sharp as a real monitor using it's native resolution, but it won't look bad.