Wouldn't be MUCH better looking if you just go buy youself an arcade monitor.
I paid only $272 including shiping for my k7400 model then get andy's vga arcade video card and you have the best(more arcade like) display possible..
All hassle free. ! 
As for component,there was someone who actully had bad experience..anyone else remember that thread?
I will find out later then post and you can view the thread. 
$272 + $101 (ArcadeVGA) = $373, if you can get it for $272 shipped. The list price from where you got your screen is $365 + shipping which puts you at about $500 for a 25" screen and Andy's card. It all depends on your needs though. My goal on this project changed from authenticity to utility. My cab is going in a location that I could really use a TV. I decided not to build a flashy cab, but will go with something wooden. I would also like to use standard computer parts when possible. A Radeon 8500 can serve many purposes, both inside this cab or later if I ever decide to change my cab to something else. A TV can be used as a, well, TV.
I also have to admit that I had NEVER heard of being able to get a 25" arcade monitor for $270 shipped. Unfortunately, my first comparisons came from Happ, so I thought an arcade monitor + ArcadeVGA would run me $600 and up for a dedicated screen, which I couldn't watch TV on and I couldn't ever pull out of my cab.
So here is my question of your statement. _Would_ it be MUCH better looking on an arcade monitor? I'm not saying TV+Component would rival an arcade monitor (I just don't know), but I was really impressed with all of the component pictures that I've seen so far. I can't remember if Oscar had direct comparisons of Component to Arcade Monitor.
In response to the other people that have had problems, I am keeping my fingers crossed. Yes, they had problems, but No, there shouldn't be any problems. We are talking about using the video card, adapter, and TV EXACTLY as it was intended to be used. I am using all Retail components directly from ATI. LOL, we'll see how it goes.
PS. The other thread is here
TV: S-video vs. Component . He was using a Sapphire "Powered by" Radeon 8500LE and a 27" JVC-AV27230. Was that the right one?