We do apologize for the delay on this one.
We cannot find anything regarding the "VBUS Device only function" note.
Still, VBUS is required by USB standard, meaning this signal should be given to the Host and Device.
We will go back to our position of "Could be that the RM is referring to the usage of VBUS registers" and not that the Host does not need the signal at all. As said before, by USB standard, all 4 signals (VBUS, D+, D- and GND) are required [Page 17, Section 4.2.1 Electrical, Universal Serial Bus Specification, Rev 2, 04/2000].
Thanks for your patience, let us know if this information is helpful or not.