Sys (or format /s, which is better as different versions have different requirements on the exact sector and/or FAT location of the kernel, and an empty filesystem is the simplest way to guarantee that, while a manual file by file copy pretty much guarantees the opposite) = minimal DOS install = copy io/msdos/command/drvspace according to those limitations (fail otherwise) and write appropriate VBR
Fdisk /mbr = write appropriate MBR, duh (which despite variations over the years, mainly due to translations and LBA support, Microsoft's MBR conceptually still works like in 1982: go out of the way to ensure exactly 1 partition is active, load and run its VBR)
So yes, wanting to find NTLDR is a VBR thing 😀