don't know about you, but the process seems to extreme especially since you will lose quality (I think you will lose some this way), but minimal probably. Suggest perhaps you get a new player or TV lol. Can't imagine having to do this everytime just to play these movies.
Incidently, is this a problem also due to SVCDs? I mean, perhaps your player won't have this hard a time with just a regular VCD (when done right, no real need to have SVCDs, but that's just my opinion lol).
PS
you can buy standalone VCD/SVCD players for $40USD that can play any format (in asia and the UK also has some places for them)