I have a Velez Adventure Light-clone. If you're using a hip-belt then I find the smock design vents better than a jacket, since you can undo both zips and hang the front over the belt. I guess that doesn't work well if you're using salopettes.
If I were buying now though I'd consider the Third Element jacket. It has a weird and possibly wonderful design where the arms zip off to make it less warm. It's only for sale as a limited edition from Paramo's ebay store.
And FWIW I've heard a lot of reports of Velez Adventure trousers failing after very little use.