I've gone with a passive 5450 in my slimline HTPC and then use the HDMI to pass video and audio to my AV amp.
What brand are you using?
as far as im aware, pretty much every budget card is more-or-less equal when it comes to hd video, although my knowledge in this area is pretty slim. What i do know is that ati will do audio over hdmi natively, but nvidia cards wont. (i think it needs an extra cable plugged into the card or something...)