Not sure where things are with this but I am curious. I'm currently doing almost the same project. I only need it to output enough power for MAME (maybe some XP era pc games).
I noticed someone mentioned it before and I didn't see anyone correct him, someone mentioned the TV having processing power and could include it's own latency. That only applies to LCD/LED TVs. As far as I know, that isn't of concern on a CRT. The other indicator was that he mentioned a game mode, which you wouldn't find on a CRT unless it was referring to a color/brightness/sharpness preset.
I need to check out the VIVO adapter. I only have the one that comes with GPUs that have TV Out (some call it S-Video out). So, I don't have any comments about it other then it looks like it might be better for the application as it includes S-Video and Composite where the normal TV out adapters only include Component connectors.
There is an issue I have come across. I have a Radeon HD 4870 with TV out, an nVidia Geforce 6600 and an GTX 275 with TV out. All 3 can display to my Trinitron out of the box without a transcoder (where if you use a GPU with analog out but the analog is either VGA or DVI-I, you need a transcoder in between the GPU and the TV or else it won't be able to display 480i). My issue is that both nVidia GPUs can output in full color, 480i but the Radeon outputs 480i with a greenish tint to it. I don't specifically know why that is but I know I have seen it before with my Dreamcast Component cables. Some documentation claims that it will only out correctly on HD CRT TVs and some documentation claims you need a separate C-Sync input (or whatever Sync it is). The other thing is software...
nVidia and ATI had software, accompanied with the drivers, that specifically touch on Component settings but for some reason, the Radeon doesn't just output with the correct colors.
I have a Radeon 5770 that I flash using the emudriver/atom method but that needs a transcoder to do the whole setup (VGA into the transcoder, then Component out of that into the TV). I am going to try that method with my 4870 to see if that works. If not, that would suck as I won't have any use for the GPU since I have other GPUs of that era that are better performers. I would try the 3000 series but I'd be curious if that's more successful or provides the same issue.
Last thing I'll say. IF anyone is wondering why I don't use the GTX 275, it's because GroovyArcade/GroovyMame/Batocera CRT doesn't like work too well, if at all, with nVidia GPUs. ATI cards work almost flawlessly but happen to have less power depending on what your needs are. I also have an RX 280X but that would have the same issue as the 5770 (no TV Out option).