I think I have the answer. I spoke with Howard Wright, the Industrial Application Engineer at Samson. Here are some excerpts from a couple of emails between us.
From Howard Wright
Samson still recommends lock stitching the eye for potential un loaded situations and/ or peace of mind.
That said, the factory spliced Velocity's that we sell do not have a lock stitch on the eye. The reason is a combination of the sticky "Sure Grip" coating on the cover, the small, tight eye (around 1/2"), and the fact that the throat of the splice ends up being really firm and tight.
Response from Nick to Howard
So the lock stitch in Velocity is not required, but recommended. If a person brings an unlocked velocity to a climbing comp, they should have no problem getting it passed in the gear inspection?
Response from Howard
That's a good way to put it for Velocity, "not required but recommended". I wouldn't think there should be any problems with gear inspections @ comps. After all, the splices right from the factory don't have a lockstitch. I think what's going to be more important in the gear inspection is the overall look of the splice...loose, sloppy crossovers and short buries are going to be pretty evident and those are the things that could potentially lead to a shift in the eye.
I think that about sums it up. If I were headed to a comp, I'd bring a copy of my email from Howard to clear up any doubt about the rope being lockstitched.
I will continue to lock stitch all splices that people buy from me. I encourage you to do the same.
love
nick