If you have terminals for an antenna connection, I'm wondering if you need this as well:
I think the antenna input is slightly different than a coaxial cable input and this transformer matches it. I have no real clue though - I'm trying to figure this out for myself as well. I just bought an old TV that I plan to use with a pi as well, and it only has UHF and VHF antenna connections. I haven't been able to test it out yet though.