I only just ran into this post.
FWIW, I run multiple instances of the same OL (8.5.6) on my laptop. Each one for different projects. As you know, I can only run one at a time since I have a single license.
To add, migrated this setup to Windows 11 about a month ago and had to upgrade VMWare to 16.x.x as version 15 will not run on Window 11.