I wonder if the OP still has this VCR. I JUST RECENTLY got all my data exported from the old database that it was in (that I haven't been able to open for about 10-15 years) and imported into Excel.
I have records from 1989 to 2001. Predominantly VCR and camcorder but I did work on televisions and audio equipment, as well.
Computer says I worked on 18 VMT395's, all from 1990 to 1992. Three of them were "dead" and required that IC851, a regulator IC, be replaced. Gut feeling says that's what ails the OP's. Or, at least is the first thing I would check if I were in front of the unit.
RCA part number for the regulator IC is 177649. I believe it was a STK pack although I do not know the number.
By the way, the remaining 15 units needed belts, cleaning, a tuning IC in one and a clutch ass'y in another.
The VMT395 is most definitely Hitachi built. 16 of the 18 that I worked on were built middle to late 1986. The remaining two were built very early 1987.
Brian