EDIT: Per Jon Bell's question below, this discussion applies to the older VMS boxes that are no longer made by Schoeps. That would include the VMS02ib, VMS32ub, VMS42UB, and VMS52UB. The VMS5U which is Schoeps current model is apparently reverse polarity protected, but it is also fuse protected. While I'm not sure if the M-tip is the exact same design as the OEM supplied tip, seems that the 5U isn't subject to the damage that I experienced with mine, or at worst if issues happen, the result would be a blown fuse instead of a dead preamp.
EDIT #2: The following applies to older Schoeps preamps that are NOT reverse polarity protected. Per my discussion with Scott from Schoeps this am, apparently older VMS preamps have a reverse polarity protection circuit on them. If that's the case, then the risk for damage is significantly decreased. I have no idea how one can tell the difference between an older VMS that has no polarity protection and a newer one with reverse polarity protection. Personally, I'd approach this conservatively and assume you don't have reverse polarity protection so you don't suffer the same fate as I did.
OK, so here's the deal with the Radio Shack tips and the VMS...
You can use an M-tip and it will work just fine, but ONLY IF you always remember to turn off your preamp before you unplug the cable from your preamp. If you do that, you will never have a problem with the M-tip. But that's a huge IF.
The bottom line is, YOU ARE TAKING A HUGE RISK OF DAMAGING YOUR PREAMP IF YOU USE THE M-TIP.
The problem with using the M-tip is that it is vulnerable to shorts with the design of the socket in the VMS. The official VMS tip has a little plastic donut or O-ring on the end of the connector. When you pull the connector out, that donut keeps the shield terminal from momentarily contacting the power terminal, causing a short circuit as the connector passes up and out of the socket.
The M tip is the right size for making contact with both shield and power terminals inside the socket ONCE IT'S BEEN INSERTED. So it will power the VMS fine, but you're taking a HUGE risk of shorts if you happen to do what I did and remove the connector with a live battery connected and with the power switch still on. If you turn the VMS off before removing the connector with the M-tip, you won't short your preamp. That's why I was able to get away with operating my VMS with the M tip for awhile before I messed it up. Obviously, I had no idea before I screwed it up what was about to happen, but once I started using an M tip connector it was only a matter of time before I messed up my preamp.
Having said all of the above, Scott at Redding told me this morning when I ordered the two replacement connectors that this is an issue for the earlier design VMS boxes. Those that were sold later on have reverse polarity protection, so this shouldn't cause an issue. Even so, I wouldn't risk using an M-tip.
My recommendation is that if you can't find a sufficent replacement tip with that donut, just run your VMS from batteries.