Hi)
Did you tested this layer on MobileVR or on actual VR (Oculus, HTC)?
I guess this 'VR' setting is not documented because it's a kind of a custom 'tag' to mark some layers.
For example, inside 'webvr.xml' there's a layer named 'webvr_enterbutton' (ENTER VR button). On mobile I can see this layer, of course, it opens Mobile VR settings.
I'm sure this layer is not visible in real VR on HTC, because there only WebGL (and no layers) can be dispayed.