As mentionned in the long help, this sort guarantees that adding a
directory with files like track-1.ogg track-2.ogg track-10.ogg will
result in files being added in the expected order. This is the default
sort method used by most apps which display directory listings as well
as some media players like rockbox. If it were up to me it would be the
default sort method.

In previous version of vlc, this behavior could be emulated with:
find /media/MUSIC/lossless-to-ogg/Metronomy/ -type f|sort -V|vlc fd/m3u://0
Now you can just use:
vlc /media/MUSIC/lossless-to-ogg/Metronomy/ --directory-version-sort