The RX-V1 is an excellent unit, built like a tank. I picked up one last year for a mere $270.
Like you I was mulling over HDMI but ultimately decided I didn’t need it. I typically have a mix of new and older gear and I had read too much about problems with components with different HDMI protocols talking to each other. I decided to bypass that mess and just stick with component video. Besides, my TV is 720p.
From what I read, TV production and stations are heavily invested in 1080i and 720p equipment, so that’s going to be a defacto standard for many years to come. So the only benefit HDMI is going to you is with blu ray discs, which are 1080p, and some movie downloads.
Plus I like having easy-access bass and treble controls – no sifting through menus for a quick and temporary change in tone control.
Regards,
Wayne A. Pflughaupt