Scaling is a far more complex issue than it may seem. I haven't entirely wrapped my head around it all, but I'm trying. For instance, that projector has a resolution of 1280x720, while other displays might have 1366x768, etc. If you are just sending a generic "720p" signal, the display will still have to scale it to its own specific native resolution. Some expensive stand-alone video processors will let you choose such a specific resolution, but then you run into the issue of 1:1 pixel mapping, or more specifically the display's inability to allow 1:1 pixel mapping or to turn the display's scaler off to solely use an external scaler.
I think the real benefit of a good scaler in a receiver lies more in de-interlacing than scaling. A good deinterlacer can create an image with fewer jaggies, artifacts or motion blur. Even then, the interplay of components can either work beneficially or not. You could send a good progressive scan image in 720p, only to find that the display re-scales the image to its native format poorly.
Unfortunately, I haven't seen any way to predict what the effect of different components might have on the video signal. I couldn't say if the Sanyo has a good scaler/deinterlacer or how it processes signals that have already been scaled or deinterlaced. At this point, the only thing I could suggest is to get the best components you can and experiment with where different functions are performed. Choose components with a good return policy and let your own eyes be the judge.