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Starting with VPE version 3.60, you can install all versions and editions in parallel, as long as the version number is greater or equal to 3.60.
Installing different editions of one and the same version in parallel has one side-effect to the ActiveX: only the highest installed edition can be used. If you want to return to a lower edition, you must uninstall any higher edition. This only applies to the ActiveX and does not affect the .NET or VCL components, nor the DLL.
In addition you may install in parallel one edition of v3.50 as well as one edition of one version between 3.00 - 3.20 as well as one version prior to v3.00.