Based on the wave equation, some authors say that the distinction is based on invariance as opposed to conformal invariance Yet, if one looks at the line elements, (and I haven't seen that done before) Lorentz's ds^2=c^2dt^2-dr^2 is invariant while Voigt's is not ds^2=c^2dt^2/gamma^2-dr^2(1-v^2/c^2 sin^2A), where gamma is the Lorentz factor and A is the angle between the two velocity planes.. That is, ds^2=0, Lorentz predicts that the speed of light is c while Voigt's gives 1/gamma times the inverse transform (c^2-v^2)/(1-v^2/c^2 sin^2A), of the square of the velocity which is the relativistic difference of two velocities. Note that the relativistic difference of two velocities cannot be expressed by the relativistic composition law when the velocities lie in different planes. The correct relativistic composition law is given by (16.11) in Fock's book The Theory of Space, Time and Gravitation, and it will only reduce to linear relations for parallel (16.12) and perpendicular velocities (16.13). [This places in doubt his relations (16.07) and (16.08).]
The point being that Voigt gives an inverse relation to that given by the relativistic composition of velocities (up to a multiplicative constant, 1/gamma). So if one is greater than the speed of light the other must be less than c. Moreover, the square of the velocity composition law, is the hyperbolic metric of velocity space. This is mentioned in Fock's book, and developed further in A New Perspective on Relativity. But Voigt says that its inverse is also a velocity, up to a multiplicative factor of gamma!
Since we are always dealing with out-and-back propagation, the arithmetic-geometric-harmonic mean equality holds. If the arithmetic mean is
1/2(c+v+c-v)=c, the other two will be less. On the contrary if c+v and c-v are inverse velocities, then the harmonic mean is c, while the other two are greater than c. In other words, the one way speed of light is independent, and all that must be satisfied is that the out and return trips average to c, which is an experimentally determined fact. Therefore, in the extreme case, one speed can be infinite while the other c/2 to satisfy the harmonic mean of zero, 2/(2/c+1/infinity)=c. Obviously, this implies a space synchronization instead of the velocity synchronization used by Einstein.
This applies to the Doppler effect, which is what Voigt's original intention. According to Einstein, v is the velocity relative to an observer. In Essen's (The Special Theory of Relativity: A Critical Analysis) words: "Instead of obtaining values of c+v or c-v for the velocity of light, an observer obtains the values [sic] c. Thus it appears that there should be no Doppler change in frequency, and yet this effect is known to exist."
This has also been emphasized by Beckmann in Einstein Plus Two: "The velocity of light is constant with respect to the local gravitational field through which it propagates."