Look at this attachment Goatman. Does your card list this? When I 1st installed drivers for my g2 (the ones that came on the CD), I didn't get a device selection just like I saw in your screenshot. Maybe I didn't set it up right at 1st, but everything was fine except the TV out (like you).
I installed a set of detonator drivers over top and then got the TV as a selection. This might be like comparing apples to oranges cause I've got a G2 Ti, but I thought I'd add it here just in case.
BTW, I run a 20' composite to my VCR and then through to the TV w/o a problem. That's straight from the composite jack on my card though. If I use the dongle (adapter) for the s-video with that same composite cable, the color does get washed out a bit, but it works through the VCR too.
VCR on, set to channel 4 (option on back), input set to "video 2"
TV on, set to channel 4.