Yes, VST recommends that you dose the basket according to the labeled number of grams, +/- 1g.
There's no such thing as "correct ounces" that should be poured with a VST basket, or any basket for that matter. The amount of espresso in the cup depends on the amount of coffee you use and the brew ratio that you desire.
Click here to go to a thread that best explains the principles.
The Italian standard Normale single is 7g of coffee for one ounce of liquid. If you use 23g, you're using close to three times the coffee, so if you want a drink of Normale strength, you would pull triple the volume of liquid, or about three ounces. If you wanted a drink of Ristretto strength you would pull about 1.5 ounces. The 1 ounce you're pulling is very Ristretto, but there are certainly people who like their espresso that strong.
I prefer to weigh the extracted beverage instead of eyeballing the volume because the crema can make it appear that the volume is much greater than it actually is. Andy's chart provides both volume and weight figures for the common brew ratios.
There's no correct time, either. It's highly dependent on the coffee you are using and the flavor profile you are seeking. The Italian standard is 25 seconds, but there are coffees that taste best when the extraction time is 22 seconds, and other coffees that taste best when the extraction time is 35 seconds -- or even longer. Often you have to experiment to determine the best flow rate. This is part of the dialing-in process.
Many specialty roasters provide dose, temperature, volume/weight and extraction time suggestions for their coffees. That's often the best place to start. A caveat is that most of them recommend triple Ristretto extractions, because that style is favored in the USA and works well for tall milk drinks. Many of us like an Italian standard double Normale made with 14g of coffee. But you have to find the right coffee for that. Light-roasted African single-origin coffees work well for me.
Bottom line, the only part of your query that's specific to VST baskets is the +/- 1g question. The rest applies to any basket.