O.K!!!
There is a lot of incorrect info posted above. So i have to give some clarification
Vtec turns ON on following conditions
1. The car speed is above 40 Kmph (Stock Honda ECU configration, can be altered by chipping)
2. The coolent temperature is in normal range
3. There's no other sensor error and every thing else is working fine or not.
4. You Rev your car above 4.5 K RPM (Varries by varients of engines)
Yes, a VTEC engine can work absolutely fine with VTEC being disabled
Its not what you call "BOOST" ITs simply the amount of VALVES being opened. VTEC itself has many varients. E.g in 3stage Vtec technology, the engine works only on 12 valves if none of vtec has engaged. This gives better economy below VTEC range.
SO its unfair to say that if VTEC is working fine then the Car will give more economy. I have 3 Stage vtec in my car and the speed sensor wire has been demaged for more than a year. I am driving my car without VTEC just because of my laziness....
but engine works absolutely fine!!!!