Um, what sort of converter did you get? In what way doesn't it work?
I recorded from my PC to VHS a couple of years ago when I didn't have TV-out and it worked fine using a VGA to composite adapter (not a simple cable though - you said the 'lead' arrived today?). I see no reason why the same shouldn't work for S-Video if you have the right tool for the job.
[edit] [a http://www.dabs.com/productview.aspx?Quicklinx=3ZGT&SearchType=1&CategorySelectedId=11021&SearchTerms=vga+to+tv&PageMode=3&SearchKey=All&SearchMode=All&NavigationKey=11021]This[/a] is the sort of thing I used, only it wasn't much more advanced than a box with an input/output on it. I'm sure it was a Startek one though.
I recorded from my PC to VHS a couple of years ago when I didn't have TV-out and it worked fine using a VGA to composite adapter (not a simple cable though - you said the 'lead' arrived today?). I see no reason why the same shouldn't work for S-Video if you have the right tool for the job.
[edit] [a http://www.dabs.com/productview.aspx?Quicklinx=3ZGT&SearchType=1&CategorySelectedId=11021&SearchTerms=vga+to+tv&PageMode=3&SearchKey=All&SearchMode=All&NavigationKey=11021]This[/a] is the sort of thing I used, only it wasn't much more advanced than a box with an input/output on it. I'm sure it was a Startek one though.