Good day all,
First of all, I cannot even describe any of Hollingshead's supercell photo work as anything but awesome!
Anyway, the true vault region is basically precip (or almost) precip-free. It bounds the "surface" of the updraft tower and hail / precip falling from the forward flank of the storm.
In Hollingshead's photo, the arrow is actually pointing to the edge of the (huge) hail shaft just right of the vault, if you were to be really nitty-gritty on where the precip-free (or least precip) area is in the vault.
On radar, the vault appears as a weaker (or nothing) echo "notch" extending from the east into a supercell (N Hemisphere with a cyclonically rotating storm). This is called a BWER, or bounded-weak echo region.
This area can be (visually) clear upwards of 20,000 or 30,000 feet AGL, providing a spectacular view of the updraft forming a "vaulted ceiling / cathederal" type appearance. This is common with LP supercells, less with Classic, and often hidden by precip in HP storms. Many times, the vault is not visually discernable (weaker supercells with weak BWER on radar).
Only in extreme cases, like LP / Classic storms do we actually see the BWER as a vault!
Above is a picture of an LP supercell in Colorado in May 2005. The view is WSW, with NW flow aloft, so the vault is more on the NW side of the storm than the N side. The vault is in the exact center of the picture. Right of the vault, you barely see anything, even though large hail may be falling.
Above is another vault in Colorado in June 2005. This one was loaded with large hail, so it was not exactly "precip-free". Note the narrow area between the updraft tower (left) and the baseball hail shaft (right) with twilight peeking through!
The view is due west. This storm produced a tornado 5 minutes after this picture was taken (from the lower cloud feature to the lower-left in this picture).
Hail does not attenuate light as much as rain does, however, if you were unlucky enough to be right under the vault, the hail will attenuate you and / or your vehicle!
One final "vault shot", looking more NNW than WNW into this cyclic supercell's vault (note the "stair step") of the June 12, 2005 Kent County (near Spur) storm in TX that produced nearly a dozen tornadoes. A 1/2 mile wide tornado was in progress when this picture was taken (see below)...
No, this is not considered a "vault" as some may call it (as the "RFD vault") to the left of the tornado. The clear RFD has wrapped all around the meso (and wedge tornado under it) and cleared any clouds blocking its view. This eroded clear slot allowed a view from the tornadoes base and "barber-pole" meso above it to about 30,000 feet.