Yes rather then using an if / else, just add it all in one.
Use this for template edit instead to have both show:
Code:
<!-- START: vbh_default_sig_per_usergroup mod code -->
<if condition="$post['signature']">
<!-- sig -->
<div>
__________________<br />
$post[signature]
</div>
<!-- / sig -->
</if>
<if condition="( ($vbh_autosig_enabled==1) && ($vbh_autosig_text!='') && ($post['signature']=='') )">
<div>
__________________<br />
$vbh_autosig_text
</div>
</if>
<!-- END: vbh_default_sig_per_usergroup mod code -->