hbomberguy made a pretty decent video about this a few years ago [1]. From around the 10-minute mark he talks about how many horror/thriller films worked much better on VHS than they did in the cinema, because on VHS there weren't enough details to make out if there was a monster lurking in the background or not, and you also couldn't see how unrealistic the old cgi effects were.

[1] https://www.youtube.com/watch?v=xbZMqS-fW-8