I noticed by the links what you are attempting to do, looks fun. Since you are on a budget, I would stick with S Video. Like Dokworm said, you can't use Component on that LCD projector. Have you thought about using a laptop computer or just a computer with a DVD drive in it? You could use the VGA output on the pc. That would get you a better picture also because you could scale the image to something native to the projector, like 800x600 by the looks of it. That's a pretty old LCD projector.
Also, you are in the wrong forum, this is for CRT FP, not LCD FP. Good Luck though!