First and foremost, going with the VS in order to save your transmission is NOT the right reason. A VS cammed motor is just as capable of destroying a transmission as a S1X or XP cammed motor.
With that said, there is absolutely nothing wrong with the VS. I've run both the XP and the VS and I'd choose the VS every time. It has way better off-idle response and mid-range power. True, it doesn't quite pull as hard at redline, but that's fine with me, since you can just shift sooner to stay in the more meaty part of the powerband.
I trapped mid 106's on pump gas, full exhaust, full weight, and a Gen 3/stock ported throttle body...on a less than stellar tune. I haven't for one second thought that the VS was a poor choice.