It's a fairly meaningless stat without knowing the number of the players at the table. At a quick glance he seems to be playing 6-max, but sometimes 3-handed. In any case 40% is within the reasonable range for 6-max.
This is true, when I played live poker with full ring I got destroyed, you can be much more loose with 6 or less
Assuming they are playing 6 max with full tables 40% vpip is egregious and I do not see how they could have a winning strategy playing like that. (Looking at their results they are not winning).