FWIW, the VTM chassis is a drop-in for the 5150 headshell. Exact same size and bolt pattern. When I had mine, I bought a 5150 headshell from Peavey and replaced the original headshell. That solves all the weight and ugliness problem lol.
Looks like this (this is not mine, but same thing basically):
Peavey used to sell the 5150 headshell direct for $150 back in the day (00's). You had to call/email their Tech Support/parts dept and tell them that you had a 5150 with a damaged shell and they'd sell the "replacement" shell. Not sure if they still sell it these days.