Besides, VL-Light lets you basically build it from the ground up, no? You get the core basics, everything else you put in yourself, right? I'm fine with that.
No. VL-Light is optimized for speed and uses lightweight apps, but a full install is around 1.9 GB. That isn't small. You may want to take a look at VL-Mini (currently at alpha 1.1), the pocket version of VL, which is about 1.1GB and is much closer to what you describe.http://vectorlinux.osuosl.org/Uelsk8s/iso-test/VL5.9-Mini-A1.1.iso