VHS importing

What are the differences, if any, when importing VHS the following ways?

1) VHS to DVD standalone recorder > burned DVD > Vegas 8 using the import DVD Camcorder Disc.
I believe some of these VHS to DVD recorders have built-in TBC.
Are there any VHS to DVD recorders that have firewire out so I can capture without burning a DVD?
What is the quality of the mpeg2 information on the burned DVD.
At least this way I can copy alot of VHS tapes without the computer.

2) VHS player composite or s-video > converter > firewire > vegas capture.
Will the quality be better or worse going this route?
What kind of file will it be imported as in Vegas?
My 2 VHS machines are 6 and 8 years old btw.
I know if I have a Canopus ADVC110 it has a TBC and I can hook up a NTSC monitor for preview.
I use my Sony HDR-HC7 camera to pass preview to a TV.
It does not have analog pass thru I believe.

What other ways are there to digitize VHS?

Sorry this is so long but I want to spend my time and limited budget on quality and productivity.

Thanks.