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Just to close this thread out... I used Time Machine to go back a few copies of the problematic. .pvm file that was missing the HDD file contents...
OK, I have been piecing together some information. Based upon advice given in the knowledge base for another problem I created a second VM with...
I have just done a Time Capsule based restore after a hard drive replacement, Windows does not start with the Hard Drive 1 not found error....