Well, after reading the documentation and all that jazz and since I do have several retro game consoles I did a search and found the dual header (GBS-8220) at Amazon, so I got one that should be here in a couple of days (no I didn't pay extra, actually free shipping because my wife is an Amazon Prime member).
It's pretty cheap in there so I just couldn't help myself:
http://www.amazon.com/Andoer-Portable-GBS-8220-Definition-Converter/dp/B00XKWX0SYSorry I didn't find this before hand.
The reason I did get it is because if you look closely on the chip, it does have digital input OR output (not both) for maybe doing HDMI out as well since VGA on TVs are pretty much phasing out and the composite video from game consoles do suck a lot.
If I get mine before yours I'll see if it works with my repro signal.
One thing I did find on video reviews etc is that the menu usually defaults to Chinese. If that is the case for you, press the Menu button and select option 4, that's the language selection and you should see English on that submenu as option 1.
Also by looking at the input voltages you might not need to alter the output voltage at all, specially since they have pots to adjust the level for all red green an blue channels which you probably want to drive all three with your video signal and adjust them to get your preferred foreground color.