The mode or modes in the EDID can never be edited once it's in place. If you enable EDID emulation this means 640x480i (by default, anyway)
You can simply add a 640x480i mode manually (either when first setting up EDID, or later on by using vmm)
open vmm
type modelist import
type modelist list
(take a look at the formatting, and enter something like...)
type modelist add 640x480@60.000
type modelist list
(does everything look like before, only with 640x480@60 now?)
type modelist install