https://9to5mac.com/2023/08/22/parallels-desktop-19/?
Parallels 19 brings Touch ID support to Windows virtual machines, a refreshed design, new features for IT deployment, and Sonoma support.
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Six years is recent enough for decent virtualization support at the CPU level, so it’ll probably run within 5 to 10% of the “native” performance you could get with Boot Camp. If you have enough RAM to give the VM a decent amount it should be fine.