Sure, if money isn't an issue. There's input lag, but iirc even good scalers like the Micomsoft stuff have input lag, and god knows how much TV scalers lag if you plugged it straight into an HDTV's component input. If you can get a nice CRT I'd go with a real PS2 instead.
You can prolong its life by having it reballed.
You can prolong its life by having it reballed.