component confusion



tomorrow i take delivery of my 42" panny pa20 i am coupling up to it sky digital and a panny dmre 50 dvd recorder. it all looks good for scarts but i hear component connections are best .
qwestion: there are 3 connections in and 3 out red/audio white/ audio and yellow/ video, on my dvd recorder, are these component connections? and am i better off using these instead of scarts.

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