found instances of *.cache-2 in VLCPortable.nsi and changed them to *.cache-3, recompiled and it no longer has to build the font cache. No idea why vlc developers changed the file name, but it changed with 1.1.3
Thanks for the update, been waiting for it for a while. I have gotten to the point that I can and do sometimes compile my own but prefer to have the official releases whenever possible.