poita said:

VHS is not a component format, so even players with component outputs will not output the standard VHS tape via component. If any did, it would be the same as using a composite to component converter anyway.

Weird to be correcting poita of all people, but... Although VHS isn't fully YPbPr, it is Y/C thanks to the color-under process. S-VHS machines benefit from this with S-Video output of standard VHS tapes. A few of the enormous "broadcast" decks also have component outputs from their TBCs, along with some D-VHS. Whether they look any better than the S-Video output of the same machine... I very seriously doubt it since the color bandwidth is so low.

A few VHS-DVD combos also offer component and even HDMI output of VHS, but apparently some of them have dot crawl so they don't use a fully separate path.