Monster Cable is overpriced and not worth the money, stay away. For digital transmission on short runs shielding isn't that important as for analog and cheap cables are plenty enough. There is absolutely no need to to pay extra for Monster Cable.
Oh, and component video is analog, not digital and HDMI is just fine.
S-video is not capable of HD. I fyou want HD then S-video (SVHS) is out of question, you need to use analog component video or digital HDMI or DVI.
Adam