The M1 input is both analog and digital (much like DVI-I). It can handle both.
The M1 to DVI will ABSOLUTELY look better with the Bravo D1 & 3200MP combo than the M1 to Component. I've tried both (have owned 2 3200mp's, and one Bravo D1).
Once you get the M1 to DVI cable, you'll want to use a...
That projector has a M1 connector. Go return that DVI cable.
You need one of the following (depending on how far you want to mount the projector from the DVD player):
M1 to DVI cable, 2 meter, for $21.47 plus shipping
M1 to DVI cable, 10 meter, for $51.89 plus shipping