I have had good success with converting Component @1080P (RGB) to HDMI @1080P resolution, but not for the reasons of a failed HDMI input.
In my HT setup I keep my video signal`s switching separate from my Integra surround sound processor by using a 5X1 HDMI video input selector for selecting my HDMI video sources to my projector.
Yes, I have to use two remote controls when changing HDMI video signal source inputs : 1 for the HDMI source selector and then the Integra A/V/P`s one to select one of it`s analog audio inputs that`s used with that different selected HDMI input.
I prefer keeping the video signals separate from my audio signals for less chance of any potential interference from the digital video affecting the audio.
You can try going to markertec.com and see what they offer in the way of quality Component video to HDMI video scaler/converters, if you wish.
I`ve been using markertec.com for most of my HQ video needs for over 15 yrs. and am a very satisfied customer with all dealings that I`ve had with them.
Good luck with your pursuit, Duane.