I like option number one - especially the font, kind of goes with the VX. The VXR I had on my VX was small, to fit the plaque are in the grille; however, the R is taller than the mounting area. I had to put 2 layers of emblem adhesive tape on the back to get it higher than the surround. It looked fine and you couldn't tell that it was sticking up - but it is veisibly larger (taller)than the mounting area. I assume you would mount option number 1 on the back door - right? Right now, I have a very large Vauxhall badge there. It is their winged lion holding a flag with a "V" in it, surrounded by a thin chrome circle. Looks pretty good, but I like those letters - may have to check it out.
"If you're not living on the edge --- you're taking up too much space!!"