Menu screens are generated video,. not actual video, and can contain errors not seen in the actual video. The menus can be useful as tests patterns, but also not useful as test patterns. You really have to know the quaities of your deck, and how it interacts with TBCs and capture cards in your specific workflow.
PAL JVCs are more prone to errors than NTSC, and it's probably because the menus were designed NTSC, then ported to PAL. That's always been my theory. In general, PAL test patterns seem degraded more than not. I'm not referring to external patterns (which are often fine), but embedded patterns in devices.
VirtualDub is stretched beyond 5:4 (the 720x576 SAR) either because
(1) wrong capture resolution,
(2) an issues the graphics card.
The VC500 has issues, and is likely contributing to the crawl here.