I will reply to my own post.
I have thought of buying a colorspace transcoder, that is, a VGA to Component converter. However, I am not sure what resolutions these devices support. And I am concerned that it would result in a delay between input from the controller and what is displayed on screen.
I have also been looking for a graphics card that does Component out without controlling the resolution. I know that most graphics cards with S-Video and component out scale whatever resolution you choose to 640x480 or 800x600. So even if I could set my software to 256x240, the graphics card will just scale it back up and defeat my goal. Are there graphics cards that are specifically made for outputting component video without scaling?
I would be even more pleased if I could somehow find a card or cards that has the ability to output composite and coaxial signals. I would need these if I wanted my emulation box to be truly portable and able to connect to any television.