I find that graded papers can be used to great advantage for contrasty negatives by using dilute soft-working developer and/or water-bath development and/or flashing, thereby obviating the problems of VC papers at low-contrast settings.
I tend to use graded papers for the greater part of my work, tailoring for grade 2. The occasional really too contrasty neg gets the above treatment. Negatives that are too thin and need more contrast get printed on grade 3 graded papers, or, in a pinch, grade 4 Slavich or Kentmere using more contrasty developers (I add carbonate and btz too to "tune things up" as well). If I really need more contrast, that's when I drag out the VC papers and dial in full magenta
I could envision a work flow where VC papers were used for most higher-contrast work and graded papers coupled with contrast-reducing measures used for the low-contrast end. For my, however, graded papers seem to look and work better (personal favorites now are Adox Nuance, Slavich Unibrom and Seagull GF grade 3 (the grade 2 split-tones...)).
Best,
Doremus Scudder