Quick run down of video signal quality!

First of all, as I hope we all know, the red and white jacks together are just left and right stereo audio.
The 'yellow jack' is composite video, this is the lowest possible quality. Especially noticeable on a 27" TV that in an arcade situation you're only 1-3 feet from. This is cause it's jamming an entire video signal down a SINGLE line.
'S-video', also called Super Video keeps the video seperated into two different signals. It's basicly like two cables built into one, that's why it has 4 pins. This allows for more signal bandwidth and thusly higher quality video. If you have the option to use S-video over composite (yellow jack). GO FOR IT.
Component Video is when you see at trio of red, green, and blue video jacks. This is the best analog video for a standard TV usually. You could get RGB but most TVs won't take that. Like S-Video the signal is seperated, but not into 2 seperate signals but 3, allowing even more bandwidth and a much better video signal. If you can go for component, go for it. It's as good as an RGB signal, but you probably won't tell the difference.

For those of you with ATi cards with a 7pin Svideo output port, you can get this output adaptor instead and get compontent.
http://www.shopati.ca/product.asp?sku=2550138That would be for most cards, my X800 however is 9pin, that woudl be this adaptor:
http://www.shopati.ca/product.asp?sku=2766464