YPrPb composite video is mathematically equivalent to RGB, and gives an almost as clear picture. The signal however is different, and yes, colour coding the plugs to red, green and blue confuses a lot of people, and was a really poor design choice.
Yes, RGB to YPrPb converters are expensive. The funny thing is most of them use less than $10 worth of components, which pisses me off royally. I do hope that in the coming years we will see more of these things mass produced, and see the price come down. RGB is still the easiest signal to get a hold of, especially for PC users, as well as arcade board collectors. Why the hell TVs don't standardise RGB inputs is beynod me. What's worse is that RGB is common input on DIGITAL TVs! Insanity! Put RGB on Analogue TVs where it belongs!
Anyways... enough ranting...
PowerStrip is a piece of software that will allow you to create custom modelines. You will need this, as a standard TV will not accept 640x480 resolutions. 640x480 is a 31KHz res, and most TVs are around the 15KHz range, thus you need to create interlaced modes to halve the frequencies.
PowerStrip can be got here:
http://entechtaiwan.net/util/ps.shtmAnd you can read the PowerStrip sticky from this forum here:
http://forum.arcadecontrols.com/index.php?topic=43728.0And finally, my obligatory Wikipedia links for every time someone asks questions about RGB, component, s-video and composite:
http://en.wikipedia.org/wiki/Component_videohttp://en.wikipedia.org/wiki/RGBhttp://en.wikipedia.org/wiki/YCbCrhttp://en.wikipedia.org/wiki/YUVhttp://en.wikipedia.org/wiki/SCARThttp://en.wikipedia.org/wiki/S-videohttp://en.wikipedia.org/wiki/Composite_videoIn order of visual quality, it goes:
1) Digital inputs: HDMI/DVI (digital devices only)
2a) Component RGB (SCART, VGA, CGA, etc)
2b) Component YPrPb/YCrCb/YUV
3) S-Video
4) Composite video
5) RF.
Most consumer PC video cards have S-Video "tv output". Set your display to 640x480, and try S-Video out for MAME on a regular TV. It's the easiest/cheapest method, and gives fairly acceptable image quality. Not amazing, but good enough for regular play.