Having written a JavaScript runtime in Rust in the past - Rust is an excellent choice. Not just due to the development experience, but also for embedders who want to consume the project as a a library (rather than a binary, e.g. node).

Not sure about vibe-coding it. While they aren't using v8, LLMs made it easier to understand v8 quirks and update v8 as they make weird changes every now and then. It couldn't write the runtime without help though.

For those curious: https://github.com/alshdavid/ion