Comment by Jnr
How I digitized my family VHS tapes:
* I borrowed a good quality VHS player with SCART connector because it sends RGB in separate channels, improving quality considerably. Don't use the single channel composite video.
* Then I bought a cheap SCART to HDMI convertor and used a borrowed HDMI capture card.
* I recorded it with OBS studio and the resulting video looks very good.
So my total costs were about 20$ (for the adapter).
> cheap SCART to HDMI convertor
From my understanding this is the "bottleneck" in quality for older systems (at least in gaming consoles), converting Analogue to Digital. Which is why "RetroTink" sells different converters from ~$100 up to $750 (RetroTINK-4K Pro). I've seen a few videos comparing cheap generic USB converters with more expensive upscalers and there is a noticeable difference in image quality