>> " So far I've been happy to enable this on request, but wondered exactly what the security implications are?"
Never ever enable VM activations for TFS keys. The TurboFloat library can run on VMs or real machines. The TFS should *always* run on real machines.
Security implications are here: https://wyday.com/limelm/help/vm-hypervisor-licensing/
Short answer: if you enable VM activations the customer gets infinite licenses. Don't do it.
We're going to make the warnings more explicit very shortly.
>> "Could customers easily run cloned license servers and connect clients to both at the same time?"
Yes. Described at length in the article.
For end-users that need to use VMs (and complain loudly about installing the TFS on real hardware) we're releasing TFS instances hosted on our infrastructure soon.
>> "[as an aside, I tried searching for similar topics, but the filtering and sorting options didn't seem to work so I got lost in too many other results!]"
Yeah, the forum software we currently use is a dumpster fire. We're replacing it soonish.