I think that would be like saying to use the VGA in the wall as an HDMI cable instead of VGA. SVideo and VGA both are anolog standards, so I assume that using them to try to transmit HDMI, a digital standard is not possible.
Also, how long is your run? HDMI isn't good at going the distance. After 30-40ft, it doesn't work unless you have specialized cables and transceivers. Especially with such a degraded standard such as Svideo, I doubt it would work even if it were possible.
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