I'd use a 500k volume and leave the two tone pots alone (assuming you don't have the VHII wired up for tone control as on a standard strat).
If you've got 250k tone pots, then a 0.047 cap is good middle of the road option.
Are you splitting the VHII when mixed with the middle single coil? If not, I'd use this diagram to wire it up, but you'll need to swap the wires like this:
VHII green/white togther (in place of red/white on diagram)
VHII black/bare to ground (in place of green/bare on diagram)
VHII red to selector switch (in place of black on diagram)
