After posting this I ended up finding the test386.asm program and one of my team members is going to basically rip out the system stuff and real-mode switching so that we can run it on the x86 VM. It doesn't exercise each permutation of each opcode (like it doesn't differentiate from add rm32, r32 …

Hi, so I have much more specialized VM than most projects here. Basically, we're making an embedded VM for use to run untrusted code in a specialized environment. The end result of this is that we don't need a full PC emulator. No hardware to emulate (since the environment is incredibly restricted), …