The VPI motor is by Hurst and VPI used both 300 and 600 RPM. The 600 RPM motor will have the smaller pulley. I have no idea what Pro-ject uses for motors, but if they ain't the same, don't use the speed box. The only real gain I can see is that you can change speed with the box. I doubt if your VPI platter speed will benefit, and could actually make things worse, IMO.
Wayner