yes same. While all the 50 initial FX presets are the same between the 2 apps, Voice Rack: FX gives you control over parameters within each preset so you can customize the sound. Also, VRFX has more flexibility when used with Audiobus for app-to-app audio and can be loaded as an Audio Unit Plugin with any AU supporting iOS DAW.
Thanks for the feedback Sam. To clarify, because VRFX can be loaded directly into VoiceJam Studio you in fact can have this ability within the app. Admittedly, it comes at an added cost, but for the small prices that get charged for these iOS app, we feel it's a reasonable way of delivering things here and gives you the added flexibility to use VRFX within other audio apps. It also helps us keep VoiceJam Studio cost down for the loopers who aren't as concerned with be able to edit the FX.