I suppose it is possible. Most voodoo 1's were 4mb. There are some relativly rare 6mb versions. (I have one) As for the Voodoo2, they had the 8mb and the 12mb. As for 16mb, I'm willing to bet it is a typo. 12mb doesnt stick in the brain as well as 16mb. However in my searches it seems to be that people confuse the voodoo banshee with the other cards. Mostly because the banshee came with 16mb of ram was was based off the voodoo 2.
ALSO, if you have 2x 12mb voodoo cards, they will only report 16mb of video memory, TOTAL. The rest of the memory was used for the frame buffer.
more info can be gleaned here: http://en.wikipedia.org/wiki/Voodoo2
Once men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them. - Reverend Mother Gaius Helen Mohiam