I'm using a 292 for S-Video conversion and it's working great. You don't need any drivers, Amy's detecting and using the genlock automatically. Some games that take over the machine switch off the genlock function, but if your video input is not used anyway that won't make a difference.
The RCA output is composite and that quality sucks. Better use the S-Video output (if your TV supports S-Video) - it's not up to RGB, but it's very usable.