I'm afraid you're off, johniman. Vector and bitmap images are entirely different and not related to one another.
As stated before, the bottom line is, there is no way to enlarge a bitmap image without losing quality. There are programs and plugins out there that use fractal algorithms to better guess new pixels, but they still aren't 100% crisp.
If you absolutely have to enlarge an image, I wouldn't enlarge it to more than twice the original size. One little trick I use is to dupe the image onto a new layer, sharpen it, then knock down the opacity to around 50%. This makes the image a tiny bit crispier without that stair-stepped, hard-edged "I've been sharpened in Photoshop" look 
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