Step 1: Write displacement equations.
\[
y_1 = 0.5 \sin(200\pi t + \frac{\pi}{3}), \quad y_2 = 0.5 \cos(\pi t)
\]
Step 2: Convert cosine to sine form.
\[
\cos(\pi t) = \sin\left(\pi t + \frac{\pi}{2}\right)
\]
So,
\[
y_2 = 0.5 \sin\left(\pi t + \frac{\pi}{2}\right)
\]
Step 3: Velocity expressions.
Velocity is derivative of displacement:
\[
v = \frac{dy}{dt}
\]
For SHM:
\[
v \propto \cos(\omega t + \phi)
\]
Step 4: Phase of velocity.
Velocity leads displacement by \(\frac{\pi}{2}\):
\[
\phi_{v1} = \frac{\pi}{3} + \frac{\pi}{2}
\]
\[
\phi_{v2} = \frac{\pi}{2} + \frac{\pi}{2} = \pi
\]
Step 5: Phase difference.
\[
\Delta \phi = \phi_{v1} - \phi_{v2}
\]
\[
\Delta \phi = \left(\frac{\pi}{3} + \frac{\pi}{2}\right) - \pi
\]
Step 6: Simplify.
\[
\Delta \phi = \frac{2\pi + 3\pi}{6} - \frac{6\pi}{6} = -\frac{\pi}{6}
\]
Step 7: Final conclusion.
\[
\boxed{-\frac{\pi}{6}}
\]
Hence, correct answer is option (C).