As verbs the difference between razee and razed
is that
razee is to cut (a ship) down to a smaller number of decks, and thus to an inferior rate or class while
razed is past tense of raze.
As a noun razee
is an armed ship with its upper deck cut away, and thus reduced to the next inferior rate, such as a seventy-four cut down to a frigate.
As an adjective razed is
slashed or striped in patterns.