I'm using a Dell 2001FP LCD display, so not quite a TV, but it does have direct s-video input and can sync to either NTSC or PAL. I also don't have a camera handy so I'll try to describe thoroughly...
For NTSC:
The left 3 columns are duplicated on the right side and there is extra black space on the top and left. There do not appear to be any pixels *missing* this time though. The pixel aspect ratio is close to or exactly square.
If I use the display centering, the whole image jumps the first time and then moves as expected. The total visible area looks like it's about 10 pixels wider than the screen, with the extra copied on the right and blanked on the left. (And this full "330x" width does look perfectly centered.)
QUOTE
PS: And yes I know the image repeats on the right side!
Ok, but I'm telling you anyway for completeness.
For PAL:
The pixel aspect ratio is pretty close to square, but the text at the top and bottom is completely cut off. There's about 1 pixel of the black background visible at the bottom. Black borders seem about even vertically, but the image goes all the way to the right side of the screen with a health black border on the left.
With the position adjustment, I can see that the visible area vertically is exactly the distance between the black backgrounds on the text at the top and bottom. The visible area covers the entire width of the display and the image looks perfectly centered with 5 duplicate pixels visible on the right, suggesting that 10 extra horizontal pixels are visible here as well. (of course, if there are any more, I wouldn't see them) Vertical black borders can't be adjusted at all, it just changed what part of the image is cut off.