performs same as component , only good for those that don't have component connections on the PJ [ which is most CRT's ] . If you have a digital PJ with a component connection capable of 480p/720p/1080i then don't waste the $$$ on the VGA box .
I am not sure about the one you are talking about..but I have a $10 VGA to component cable plugged into the HD A/V Pack and then into the back of my projector. It works fine. Not sure it its better or not..Looks the same or slighty better.. But I think thats because of my projector.
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