If there is any possibility of ever knowing what the VM sript means, I think it can only be through the imagery. Without the images we would be debating the VM forever and ever. Only they can shed light.
The naked ladies are clearly an allegory of the stars. Why? Because the culture of its time tell us. Look at this image of
La Cité des dames by Christine de Pizan
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Here Christine is represented with three women, but they are not women, they are the representation of Reason, Righteousness and Justice and each one of them carries its attribute. This system of allegorical representation was common in the 15th century. And the same happens with the symbolism of the naked ladies of the VM, the stars, some of which carry spindles as attributes to represent their function, which is to spin time