The Epia M10000 (and most others) do 848x480
That's not a problem.
The problem is that the native resolution of the Xenarc/Lilliput is 800x480, and the Epia boards won't do that.
You're trying to squish 848 pixels into the space of 800, and it will look rubbish, as will anything you're trying to "squish" in the horizontal plane. It is a LOT less noticeable "squishing" a picture in the vertical plane (squashing 800x600 into 800x480)
720x480 will look good because you have the right number of pixels in the vertical plane, and you're not losing anything in the horizontal plane, but you are going to be "stretching" 720 pixels into 800, which isn't going to look too brilliant either (but better than "squashing" and losing pixels!
Garry