You may want to touch base with Outlaw about the analog audio input - they can walk you through some good troubleshooting, and if there is a hardware problem they'll need to know about it to get you fixed up.

The video switching is functioning as designed. composite and s-video inputs are transcoded up to the component video output, but a component video input is not transcoded down to composite or s-video. If you plan to use component video inputs, you must connect the component monitor output. And if your TV supports them, I'd definitely recommend using them.