There are only a couple of PVMs that do 480p over component, and getting a 20" model of these for less than 200$ requires quite a bit of luck. Occasionally, these are sold locally for as little as 50$, but again, you can’t count on that.
The ones I know about are the PVM-20L5 and the PVM-20M7MDE, as well as the models @
ShortFuse listed here.
I have two 480p CRT recording / streaming stations. The secondary one uses a Sony PVM-20M7MDE, which is fed by a softmodded Wii with (inofficial) YPbPr (“component”) video cables. The PVM’s amplified video passthrough is then sent to my Avermedia H727 internal video capture card.
The main one uses a couple of top-of-the-line CRT PC monitors (among them the Panasonic DiamondTron 2070SB, which was also sold as “NEC 2141SB” and “LaCie electron Blue IV”), which are fed by a RGBHV (“VGA”/D-SUB HD15 connectors) distribution amplifier that respectively is fed by Gamecube VGA cables. One of the dist amp’s output goes to my newer internal capture card, the StarTech PEXHDCAP (rebrand of the Yuan SC-500N1), which has much better quality than the Avermedia card.
My primary setup is what I recommend to everyone who wants to play and stream in the highest possible quality. The only downsides are:
1. Gamecube VGA cables are usually sold for a high price nowadays (90+$), unless you get lucky as I did
2. If you live in a PAL region, you need to mod your Gamecube to be able to force 480p, which is much more work than softmodding a Wii and requires opening the Gamecube and soldering in the modchip.
There are Wii VGA cables sold by Mayflash, but their video output is non-standard and can’t be dist-amped. It should be possible to use Wii YPbPr cables and a YPbPr→RGBHV converter, though. (I’ll buy one and report back.)
It might seem fine to you now, but eventually you or other people will be put off by the lag. And it is 100% sure that there is lag, the only thing that’s unsure is whether it’s somewhere around 8 milliseconds or 20+. But both are a couple of thousand times the lag of a CRT (670 nanoseconds), so I really don’t see a reason why you would not to go the reference standard way. Especially considering that 480p60-capable CRTs can be had for free nowadays.