Is that 2k3-32 or 2k3-64 ?
For an import of a 2k3-32 you dont need Converter at all. Do the imageing with a LinuxLiveCD and dd.
For patching make sure to use LSI-scsi - then you dont have to do much in the registry ....
If you need assistance call me via skype - I wouldn#t mind doing a 2k3 p2v again before I forget how to do it ....
(spend some years with building 2k3 -coldclone livecds ....)
Ulli