One other thought from what I've seen recently:

See https://communities.vmware.com/t5/VMware-Workstation-Pro/SOLVED-VMware-workstation-17-low-performanc... especially the later comment on 1/23/2023 by @wila .

If you disable Hyper-V, and the VM runs on the VMware hypervisor instead of Hyper-V does the situation improve?