His question is, "Is it just me, or is composite video variable in quality between systems (ie: the Genesis and the PC Engine) irrespective of the innate video capabilites of each system. The only confusing things, IMO, are the replies to his post.
The answer is, yes, the quality of composite output will vary between systems regardless of the system's innate video generation abilities like color, and resolution. The PCE has a pretty good composite, as does the SNES, and the Saturn. The Genesis not so much, but it varies from one version of that system to the next. The same is true of the Neo Geo. The AES has the worst composite I've ever seen (the RF actually looks better), but the 2nd model Neo CD actually has really good composite.
I agree with Joe that probably many of these machines have the exact same encoders, but really there is more to it than that. Many things can effect the quality of the video other than what encoder chip they used. Things like, how isolated is the ground for this branch of the circuit, proximity of other possibly interference causing componets (audio amp, power supply, drives, fans, etc) quality of components like capacitors, and potentiometers, etc etc. I've seen some Laser Disc players (ie: Pioneer Elite series) with composite that is just *amazingly* clean. In the case of an LD player it might be aided by the fact that Laser Disk is a natively composite format so total format conversion took place as the disk was being made.