I have the HD PVR 49001 LF Rev F2 usually referred to as the PVR 1212.
It has component video and RCA plugs for stereo audio.plus Toslink optical audio each with full pass through.
The H3 outputs component video for every source I have used, even HBO and Stars.
I haven't tried VOD.
I can save the video stream as MP4, TS (transport stream) and several other formats.
You Rewind the video back just before your starting point, put the PVR 1212 into capture mode, name the file, hit the record button and press play on your H3 remote.
You can pre-select the approximate length of the movie or program so you don't have to baby set it for stop time.
I use VideoReDo TVSuite V5 to edit the videos and it can natively edit TiVo downloads also.