Ben thanks for your reply - I have to update the data above to say that when I tried a more complex CFC with notepad and a small modification -- that the lag showed up and is repeatable.
It's almost like when something with the file meta data changes (new date or ? ) changes the server/cf/? takes a long time to get the file cached... once it is cached (somewhere?) response is much better but nothing like the CF 9 installationing running the same files....
Today and with out affect, I've set the VM startup RAM to 8192 w/o dynamic ( from 2048 and 2048 with dynamic), removed the hyper-v folder for the virtual hard drive files from Symantec full time scanning, set the hyper-v server and VM to high power/ performance and excluded on the VM Symantec full time scanning of the cfc and cfm files...