VRBO bookings made via OR's api channel do not show up in my VRBO Dashboard. I have about 4 already and do not see any record of them on my VRBO dashboard. Should I be concerned?
No, that's normal - when you're using the Vrbo API, your Vrbo dashboard calendar should be ignored.
https://www.ownerrez.com/support/articles/channel-management-api-integrations-vrbo-common-issues-questions#bad-calendar