I do believe you are thinking about "composite", component separates the signals into Y pb pr where as S-Video simply separates the color from the black. S-Video is superior to composite but not superior to component. Composite crams all video into one signal causing horrible bleeding. RGB component or T pr pb component is the best possible if I'm up to date. However, Neobitz has component, composite and s-vido outputs.
Do to how expensive component TV’s are in the states I’m trying to find some low bleeding solution that won’t burn a hole in my pocket. What I’m wondering is do I still need a XRGB converter if I’m using a Neobitz converter and then converting that component signal into VGA. It seems like it might work considering Neobitz makes JAMMA / MVS work with a normal TV it might work with a VGA monitor.