VHS was manageably lousy for what it was.
Thought. The signal could be digitized using common RTL-SDR rig, feeding the baseband video through a video modulator and into the USB dongle. Then it is the matter of standard signal pipeline.
Working around the modulation and feeding the ADC with raw baseband may work better, though. Those 8-bit 1-channel 24 Msps USB oscilloscopes based on the FX2 chip could also be a good candidate for the analog front-end.