I've corresponded with the author of the Belleza Vest pattern, Diane Martini, and she agreed with me that there is an issue with the chart for the Welting Fantastic pattern.
However, the written-out version is fine, so if you make the vest, just use the written-out version and all will be well. It's a short repeat, so it's not a pain or anything!
If you have a copy of the pattern and want to fix the chart, just switch where there are 2 K stitches for 3 K stitches and vice versa EXCEPT in the first repeat, which is on the right of the pattern. That part is correct and matches the written-out version.
I am assuming Diane will let Brooks Farm know about the mistake and get future printings fixed.
PS: I am still really, really enjoying the pattern and the Brooks Farm Ellie yarn!