It's difficult to explain the appeal of the Amicus compendium, or anthology movies to mainstream horror fans. On one level they don't really stand up to comparison with classic British horror like Wicker Man or The Legend of Hell House, yet there is an irresistable charm in the overly simplistic approach, flawed plots, and pillar box red blood, that sets them apart from anything else and makes them great to watch time and time again. If like me you're already a fan you'll be aware that these are two of the best of the breed, so the only question for you is the one that most of the reviews here seem preoccupied with; do the rather crude cuts from Vault of Horror ruin the movie?
As you have already discovered if you've read the other reviews, the first cut is the 'beer-keg' vampire scene where a huge black hole has been literally cut around Dannial Massey's shoulder to spare us the emotionally scarring sight of seeing a tap connected to him from where the vampires drink his blood. In the Vipco production of Vault of Horror (it doesn't have Tales from the Crypt) the scene remains intact. The other cut is where Terry Thomas has his head smashed in with a hammer. In this the scene is first frozen, then cuts to the next bit so we don't get to see the full extent of the injury or the look of near death on Thomas's face. Once again the Vipco DVD makes no cuts. But does it really matter? Let's examine the pros and cons.
On the plus side this nicely packaged combo comes in wide screen, not the dreaded 4:3 you get with the Vipco edition. The picture quality here for both movies is far superior and virtually as good as official releases like From Beyond the Grave and the seven films in the Amicus collection. The quality of the Vipco version of Vault of horror is rather poor. On the downside, it's Region 1, so you need a multi-region DVD player. I must admit I find it rather ubsurd that the good old US of A gets to mess with our right to view something so quintessentially British, and I cannot begin to understand why I can buy nearly all of the other Amicus movies on Region 2, but not these two.
Sure it would be better if Vault of Horror remained intact, but we must respect the more tender sensibilities of our American cousins. If you've got a multi region player, my advice is not to let the cuts bother you too much, they affect only the two minor details I have described, and the pros far outweigh the cons.
UPDATE JULY 2010: Tales From the Crypt has now been officially released on Region 2 and in widescreen, which is great. A new version of Vault of Horror has also appeared although this still comes in 4:3 picture format, which as we have said is not good, so this combo is still the one to beat.