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If your question is really, "Is there a faster way?" No, there is not.
"Is there a better way?" is more subjective. IMO you get better results, and have more overall control, if you record the VHS tape(s) direct to your computer using a capture card, and then create a DVD from that.
I'm in the process of doing this right now with all of my VHS tapes (although I'm not actually burning to DVD, since I have no need to) and I've been very happy with the results so far. I tried the DVD-recorder thing a couple years ago and it was A LOT more hassle for only so-so results.
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