Am I missing something here? I have always thought it was like this:

Vlo: Maximum gear OPERATION speed; the maximum airspeed the gear can be operated, whether that be extension or retraction.

Vle: Maximum gear EXTENDED speed; the maximum airspeed with the gear in the extended position.

Therefore, I have always thought the reason Vle is higher than Vlo is because the landing gear and/or gear doors are certified to withstand a higher speed while stationary (extended) than when in motion (extending or retracting).

Anybody agree or disagree?