Velocity is independent of mass in the context of the Conservation of Mechanical Energy because the potential energy lost by a mass as it moves down an incline is converted into kinetic energy, which depends on the square of the velocity. This principle holds true regardless of the masses involved, as long as no external forces act on the system. In a collision scenario where mass m1 moves down an incline and collides with mass m2, the velocity of m1 just before the collision is determined by its initial height and the acceleration due to gravity, not its mass. If m1 is greater than m2, the conservation of momentum and energy principles still apply, and the final velocities post-collision will depend on the masses and initial velocities, but the initial velocity of m1 remains independent of its mass.