XPT,
At $11.15, it certainly never started favorite in the Flemington run and it was 3rd. not unplaced at Flemington.

Last 2 Vengo runs:

12/11/2005 9 9/12 6.7 SANDOWN HILLSIDE (R3) 1800 LY1 50K N RYAN 2 55.5 [D] 1.50.93 35.89/36.64 $2.38F 4,3 93 1.4
DANERETTE DRUMBEATER BLUE COLLAR JACK
Vengo ridden forward, settled down 4th 3lens 2 wide cover, perfect trail, joined in 3 wide 400, soon under pressure, couldn't go on. Maybe better ridden quietly.

3/11/2005 15 3/16 2.4 FLEMINGTON (R2) 1800 LY1 45 101.5K N RYAN 14 53.5 [G] 1.49.63 36.09/35.19 $11 15 ,16 104 3.7 -0.1
YOUTHS EDGE JOSE AMIGO VENGO
Vengo at rear with the winner, it railed this one went around the field, it hit front at 200, this one 4L off him wider, ran on but conceded too much with the run.

The above run does seem to explain the change in tactics metioned to Stewards.

Maybe Vengo doesn't handle the DEAD or Hillside [?] at that class, might be the reason for the huge LAY?