Yep, it should work with Component easily. As for S-video/Composite out the J-Rock or a NeoBitz which is similiar, that is very iffy. You probably have to do a slight mod like Grahf is doing with the CXA chip on his S-video mod. I am not 100% sure, but I think you have to give a little amping up to the RGB comming from the video in the system. The boards use an AD chip much like a CXA for video. If you have component video on your TV then it is a good way to go. Personally I think S-video is good enough with a Duo.
Now a Neo Geo, that is a little different since it is a system that is more of a 32 bit style system almost 4,000 colors onscreen and around 40,000 color palette. Also, SNK tends to put in maximum details into the graphics.