Comment by Firehawke

Right. You're not going to use V-size and H-size to remove the borders because that screws with literally every other use of the TV (other computers, TV shows, etc)..

About the only way to properly calibrate what the borders "should" be is to calibrate the TV to what would be a reasonable approximation for SD TV signals, and POSSIBLY make small adjustments after that point if the computer looks wrong.

Even then, every TV is going to be somewhat different and so there's a huge amount of variance on how it's going to look in the end. Same applies for computer monitors back then, though calibration of an RGB monitor is going to be even harder than composite since you can't easily run a VCR over it to try to get SD TV calibration.