Velite was an economy version of Azo, but Velox was never considered a companion to either product. It was, as noted above, used in rolls. Azo came in 19 surfaces and 4 grades, Velite came in 1 surface and 2 grades or 3 IIRC. Velox was a unicontrast paper (not to be confused with VC papers) which was used by the photofinishing and printing trade. IDK how many different grades and surfaces Velox came in but I suspect it was only SW Glossy.
Velite was discontinued in the late 40s or mid 50s. Velox was made in the mid 50s and late 50s IIRC.
I know nothing about the formulas of Velite and Velox. I suspect that Velite was a chloride similar to Azo, but slower.
PE