Probably nothing wrong, it is more likely just the older TV AGC reacting to the signal level change when the VCR is shut off, as it will see a momentary loss of signal as the VCR internal modulator goes into "straight bypass mode".
You probably will see some graininess though as there will be a quality loss with recereating the frequency in the modulator.
You are introducing several modulation/demodulation stages in your setup so some quality loss will be evident.
You probably will see some graininess though as there will be a quality loss with recereating the frequency in the modulator.
You are introducing several modulation/demodulation stages in your setup so some quality loss will be evident.