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Interesting question...
It not just about the guest OS or virtual performance but the performance of the system underneath the virtual platform, so you can checkout the benchmarks for the different memory. I always try to get the quest memory available for servers to keep up the clock speed, but in my experience the performance increase is nominal.
Tell a lie... if you have larger amount of memory and depending what the servers are doing, I have noticed a difference between different hosts with different memory configurations.
VMware workstation? What type of functions do the VM's serve? Is it Lab?