If money is no object, the absolute best graphics performance available presently would be a Triple-SLI GTX 285 configuration. However, that level of performance would only be available in games that fully support/utilize SLI properly, as not all games do.
Since it seems you may be limited to two PCI-E slots, as it implies in the choices you outlined, your most powerful configuration would be using the 4870X2 along with another 4870 installed in the 2nd PCI-E slot, creating a Triple-Crossfire configuration. Triple-Crossfire is not something I have any personal experience with, so I cannot comment further on it's stability or support, though I have seen some people report problems with it.
If a triple-GPU solution would be too difficult a setup to maintain and troubleshoot in game titles, the final option would be a dual-GPU solution called the nVIDIA GTX 295. It's two GPUs in one card, like the 4870X2, so it would only use one PCI-E slot.
I should mention that all of these would be overkill for a 22" monitor and would require a very high-output power supply of 1000W or more.
Edit: A single 4870 would be sufficient for that resolution. I'd go with a 1GB version just in case you upgrade to a higher resolution monitor later.