wouldn't really give any better results. I've never seen a DVD player with component input, so the best you could hope for is S-video input. Thats what the existing rips are already using.
Thats also assuming that the DVD recorder does a perfect 1:1 recording of what gets put into it.
The best we can really hope for is for someone to do a much better job of deinterlacing/resycning
or wait for a DVD/BluRay release