In this paper, the image space analysis is employed to study a generalized Ky Fan quasi-inequality with cone constraints. By virtue of a nonlinear scalarization function and a positive linear operator, a nonlinear (regular) weak separation function and a linear regular weak separation function are introduced. Nonlinear and, in particular, linear separations for the generalized Ky Fan quasi-inequality with cone constraints are characterized. Some necessary and sufficient optimality conditions, especially a saddle-point sufficient optimality condition for the generalized Ky Fan quasi-inequality with cone constraints, are obtained. As applications, some sufficient conditions for (weak) vector equilibrium flows of vector traffic equilibrium problems with capacity arc constraints, are derived.