I don't understand why the Tension $T$ on a conical pendulum and a simple pendulum are different.
In a simple pendulum, one would say that the tension of the rope is $T=mg \cos(\theta)$.
simple pendulum http://n8ppq.net/site_n8ppq/Physics/pendulum_files/image001.gif
However, in a conical pendulum (describing a circular motion), $mg=T \cos(\theta)$.
The only difference I see in the set up of the two cases is that in the second one there is a velocity component that makes the bob go around in a circle.
I know that in the conical pendulum, the component $T \sin(\theta)$ would give the centripetal acceleration of the circular motion.
I've seen this everywhere. The two cases look pretty much the same to me, so I would be tempted to say one of them (rather the second one) is wrong.