The color bleed didn't look right to my eye.  VHS should convert RGB signal into three signals called Y, U, and V each of which is a linear combination of R, G, and B, feed the U and V parts through low-pass filters, amplitude modulate them, and add them with a delayed version of Y.  On playback, the U and V parts are demodulated and added to a delayed version of Y.  Bright red objects tend to bleed badly, but the pink roses should have a small enough U value that the bleed should have been relatively minor and had very soft edges.  Further, on a properly-calibrated VCR, color smearing should be balanced on both sides of a colored object, but that wasn't the case here.