Weirdly, the MD via composite is as expected: stuttering and jerky through the eyetv window, but the FM Towns Marty via S-Video is totally smooth.
And I mean that in a live video sense - it's still got input lag of about three seconds or so - but unlike the MD composite setup the image and sound is stable during capture. That's weird: isn't the Marty 240p same as everything else (not 480i, surely?) I wonder if it's to do with the weird aspect ratio/resolution of Splatterhouse and other Ving titles.
Anyway, if I can find a way to split the output into the PVR and into a TV simultaneously, the lag won't matter as long as playback is stable. I'm assuming there must be some kind of splitter box where you can play on the TV at the same time?
I also have an XRGB2+ here and I was wondering if there's any way of sticking it between console and PVR? I assume for 240p sources it has no use, but what about 480i upward? Would it create scanlines on an Xbox 360 and apply them to a recording for instance?