Not many VCRs that I am aware of came with component out. Most of the good ones were S-Video - at least if we're talking VHS. Certainly there are Beta SP VCRs that are component out....
In theory if you can plug it in to the back of an AVR or pre/pro equipped with video processing, you should be able to affect the image. It's chip dependent but you should be able to sharpen the edges, raise the contrast, increase the saturation and perhaps reduce the noise. All of which should improve - or at least "punch up" - the look.
You may be able to up-rez VHS to 720 though my guess is that there is really not enough there - you are after all starting with 480i and a lot of artifacts. Beta SP should fare better.
In theory if you can plug it in to the back of an AVR or pre/pro equipped with video processing, you should be able to affect the image. It's chip dependent but you should be able to sharpen the edges, raise the contrast, increase the saturation and perhaps reduce the noise. All of which should improve - or at least "punch up" - the look.
You may be able to up-rez VHS to 720 though my guess is that there is really not enough there - you are after all starting with 480i and a lot of artifacts. Beta SP should fare better.