I like my VT278 decimates very much. I have two of the setups that Bill has pictured above. Here is a photo of one of mine:
http://www.vcfed.org/forum/album.php?albumid=43&attachmentid=2425
These figures are only my opinion. I think the RX02 is worth about $200 by itself. The VT278 maybe $150. If the VT278 has the extremely rare RL278 option for connecting an RL01 or RL02 drive, that option alone is worth more than the VT278. The DP278 option is very nice since it adds serial interfaces for connecting a printer or using this unit as a terminal, add $100 for that.
There is OS/8 available (OS/78 V4 runs fine.) I have even run Adventure off two floppies on it. Of course, WPS (word processor) is also available.
I have found the RAM to be flaky. I have had to make replacements on two of the three VT278s that I have:
http://www.vcfed.org/forum/album.php?albumid=43&attachmentid=2553
Lou