We need to know how you plan on using the recorder. If it is for dvd playback only, than spiky's setup will work fine. If you want to record programs off cable or tv over the air, than you need to run your cable feed or antenna into the Panasonic and make sure you do an auto program of channels on the recorder.
With this configuration you are basically turning your tv into a monitor, but that is not a problem.
I never drive faster than I can see, and besides that, its all in the reflexes.