Most VHS and Hi8 camcorder footage is going to be interlaced. Each field alone is a complete image of a unique moment in time, but at half resolution. Combining two fields correctly can improve detail while still maintaining the clear smooth motion of video. The high frame rate is one of the few good quality aspects of such video, so you don't want to lose it! 50 hz especially makes pans and bouncy camera work easier on the eye.
Unfortunately there is a lot of gear and software out there that was designed by people who don't understand interlace correctly. If objects move from one field to the next, combining the fields to display at once can be complicated. (On an old interlaced TV, your eye and brain would do the combining.) Look for Motion compensation deinterlacing.
To test if you are getting the best image, take the resulting files and go through them with frame advance, on a scene with lots of movement. Each time you press the button, the image should change. And you should not see mouse tooth distortion. The wikipedia article has good pics of that.
I've also encountered some "dumb" analog to HDMI converters that assume that all video is 16x9. There was nothing I could do about that, and I had to return it. Go figure.