I think you misunderstood (or maybe I wasn't as clear as I thought I was), when I said that "the VM will use 1 core and a max of 4 gigs of RAM" is because in Vbox you'll see this:You can give all CPU or RAM to Vbox VM if you want
Green is ok, red is not. If you try going "red" VBox will warn you with "invalid settings detected".
Yes, no VM will ever be as fast and responsive as bare metal.Because Vbox is type II hypervisor it will never reach the performance of bare metal and has other limitations
It might be, if all you want/need to do is for testing purposes. VMs have a use case, they're not intended to be a substitute for bare metal.In short for max efficiency software within software (e.g. Vbox) is not the best option