I think part of the problem is broadcasters/cable companies/someone somewhere in the chain incorrectly tagging older 4:3 content as 16:9. Then you end up stretched,squashed, letterboxed, pillarboxed, etc depending on your device and settings.
When I last had cable I had the standard Pace STB connected via SCART cable to various 4:3 and 16:9 CRT TVs I've had over time. When the content was correctly flagged as either 4:3 or 16:9 it would automatically switch the TV to the correct aspect ratio.
At some point they started flagging everything as 16:9 and I had to disable the auto switching. For a while I was switching it manually depending on the channel/show. In the end I got sick of and set it to 14:9 for everything as a compromise.
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