Is there a way of recording component video output to a MacBook Pro

You will need a converter. The Canopus ADVC-700 is probably the least expensive one you'll find that has component video inputs. It ain't cheap - around $1750.00 USD.

If your cam has S-video out, the ADVC-110 does a great job and it has a much lower price - around $225.00 USD.

There are also component-to-SVideo converters in the neighborhood of $200 USD that you could use between your camera and the ADVC-110. Or, if you're intrepid enough to try building your own, here's a DIY component to s-video converter plan

The matrox MXO2 is likely what you are referring to. It would be an extremely useful i/o device for you if the price is acceptable. It will have good resale value for a few years too if you ever wanted to get rid of it. With your camera's chip set and resolution of 850 lines you can capture via component to 4:2:2 color space by editing in a codec like DVCPRO 50 which is very efficient and looks great too. It is a big step above anything dv related which is 4:1:1 color space. If you ever drop your video signal down to dv quality you will take a big hit picture quality wise. Another device is the original AJA IO which connects via firewire and gives you component i/o as well as s-video, composite and digital component as well. The AJA IO's are selling on ebay for $600.00 - $750.00. They were around $2500.00 originally. You could also use an AJA LA which is basically the analog side of the IO and they are a little cheaper. Blackmagic multibridge is another product that is similar. These are all pro level equipment. You will need FCP.

http://www.aja.com/html/productsIoIo.html

http://www.matrox.com/video/en/products/mxo2/output/