I'm not familiar with Varycon through personal experience, though I have read the tech sheets. It is slow, with a paper speed of ISO 125 under unfiltered tungsten enlarging lamps, compared to the Agfa papers which came in at ISO 400 if I recall correctly. That's two stop, so 4x the exposure. As to development, I can't say. It is pretty hard to overdevelop paper though, if you've gotten the exposure right. It may look done in the tray after 60 seconds, but it's not. There are subtle changes, most notably to the highlight densities, that happen after that and they are difficult to see under safelight illumination. Only after the print is fixed and dried are they more readily apparent. I use a lot of Foma paper, and it takes a good 2 1/2 to 3 minutes before it is fully developed. And one more point, Varycon recommends a red safelight. OC safelights might cause some fogging.
Fromm the Varycon paper's description on Freestyle's web site:
"A standard red safelight must be used. OC safelights or a combination of red and OC safelights may result in fogging. Please do a safelight test for your own darkroom environment."