There are two vestibular nerve branches in each ear, the superior vestibular nerve and the inferior vestibular nerve. According to my physician, the caloric test can be used to test the superior vestibular nerve and the VEMP can be used to test the inferior vestibular nerve.
The facilities local to me only offered the caloric test, that I had taken to help determine which vestibular nerve my tumor was growing from. The location was not completely evident from the MRI. If the AN was growing from the inferior vestibular nerve, it was believed there would be less chance of facial nerve damage (since I took the microsurgical approach) being that the tumor would be located further away from the facial nerve and easier to remove. My caloric test showed an 18.7% unilateral weakness in my AN ear. Typically, a weakness < 30% is more consistent with inferior nerve involvement. This means if I had taken the VEMP test, I would have expected to see a much more significant weakness in the inferior nerve of my AN ear. At that time, I did have some lightheadedness when walking or running.
After removal of the AN, it was confirmed by the surgeon that the tumor was growing from the inferior vestibular nerve. This was consistent with the caloric test results. When I woke up after surgery I had no nausea or dizziness, my balance was no worse than prior to surgery, and the lightheadedness when moving quickly improved in a couple of days. This lack of dizziness post surgery would seem to indicate that my inferior vestibular nerve had near 100% weakness prior to surgery. I am now just 6 weeks past surgery (transcochlear, so they cut both vestibular nerves on the AN side) and I would say my balance is very close to normal with everyday activities.
It sounds like the VEMP test may provide you with more information, so may be worth discussing with your physician.