John,
you sure,
from memory the VEMD on the 120 records the details of the last 31 flights, including exceedences temp tq rotor and engine speed, but it doesnt hold these after that, it does however record all the faults such as gene probs loss of feed to the vemd cooling fan failures and the like forever, personally i think it should be the other way around.
I spent a lot of time in the 120 and a lot of time waiting for pax and playing with the vemd, unless they updated the software, i flew one of the early ones, then you dont know if the thing has ever been torched.
hope this helps