Given the definite article in the conclusion of Wright’s discussion,
I’d have to say that any change in the VED would be experienced universe-wide. In other words, even if the VED is greater than zero, there simply won’t be the kind of local “shortages” of VED that the OP is asking about. The VED has some value, either zero or not, for the entire universe.
I’m no expert on this, but it seems to me that if VED could change at a local level, then, given the tremendous amount of space we can see, we would be able to observe the universe expanding at different rates in different places. After all, it would be probable that the overall, or average, VED between galaxies X and Y could be different from the average VED between galaxies X and Z, or galaxies A and B, for that matter. A locally-varying VED would make quite the mess of things.
The final paragraph of the second cite speaks volumes. Joao Magueijo believes he both is and is not contradicting relativity, a contradiction in itself. He’s trying to find a test which will tell him whether the theory is right or wrong, meaning that it’s all speculation at this point.
On the other hand, nothing I read in that page (and I’ll admit to skimming) which suggests that Magueijo believes that the VED can change locally, either. The impression I got was that he believes the VED has changed exactly once for the observable universe we live in now.
His theory appears to say that after the speed of light slowed down (why it changed doesn’t seem to be in evidence), the VED had to change to compensate. And if the VED made that particular change, there’d be a lot of energy generated. Where would that energy go? Into mass and radiation. Thus, at one point in time, c dropped suddenly, the VED compensated, and the Big Bang happened as a result.
This would appear, to me at least, to be completely unverifiable, and therefore a question science cannot even begin to answer.