The Split Second is a piggy back pc programable unit that adjusts the MAP signal, the VEC2 is also a piggy back unit, but it adjusts the injector pulse width. They both handle timing, although the Split-Sec cannot advance timing, only retard.
The Paxton kit does not supply the tuning software, when you buy the VEC2 it comes with the software.
I wouldn't say one is any better than another as we have used both individually with excellent results. I would have to say the VEC2 has a more user friendly programming interface and it's easier to change programs by swiping cards.
The setup we have in Viper D's car is unique. As far as I know, it's the only Gen 3 that is using a VEC2 to control fuel and timing with a Paxton unit. We are only using the Split-Sec to turn on the fuel pumps. We are also working on a system that will allows us to bypass the use of the Split-Sec unit completely.
Bill