I'm currently using a DLP rear projection TV, and the native resolution is 720p. My DVD is connnected to the TV via component and is set to progressive mode (420p). Any signal I feed the TV, including the 420p from my DVD player, has to be converted by the TV to the native format of 720p. This takes a little longer than it takes the receiver to decode and play the digital audio signal from my DVD player. With my receiver, I have to set the AV sync delay to 2ms to compensate.
Most CRT HD monitors have a native resolution of 1080i. Therefore, if you are connected through component straight to the TV (in progressive mode or not), the TV probably has to do some sort of conversion to get to it's native resolution. However, some video processors are faster than others. If you are not experiencing a lip sync problem now, then you'll probably be okay. But, if you decide to get a different tv in the future, you may run into this problem.
There are many receivers out there nowadays that have the AV sync feature built in. I don't think you're going to have to pay any extra to get this feature.