OK, I had to look this up, VF1 was model 1, like Virtua Racing, but the did ship a backport of Remix that did run on ST-V. More likely you remember people being excited about the idea that Saturn would just be arcade hardware at home and we'd get arcade perfect ports of Daytona and VF, which was extremely not the case.
I mostly remember the arcade being pin-sharp, which it was, but once you got the upgraded textures nobody was complaining. And we got both at once in VF2, so...