typically a genlock just takes amiga RGB and superimposes a composite input signal over it and you are getting color composite blend out the other end.
models like the GVP G-lock will give a SVHS out which should be better than composite, but you're still losing the RGB purity/independence when doing so
to add to the confusion, some C=108x monitors + internal genlocks will show crisp RGB over the genlocked signal in a certain mode because it can pass the composite signal thru the RGB port of the amiga, leaving then an extra genlocked output on the genlock card itself for another recording device or monitor (composite).
but in general unless you're using the genlocking features of like a video toaster or something, the output quality is nearly always less than that of the RGB signal.