By VRO, you mean variable Ratio Oiling? I doubt polarized lamp cord was ever used from the factory, the PO probably did that. Now assuming the ribbed, or polarized side is the "neutral" in a typical house lamp, then maybe it is a ground for this application, but considering the VRO system importance, I would not assume anything. Personally, I would change the wire over to a marine, or at least an automotive application wire and verify the connections are correct, and that the system is functioning properly. Many of the older outboards I have worked on, it was safer, cheaper, and easier to covert to mixed fuel. Hope this helps.