Hardware update:
Got a couple M9148 (4 port Matrox DP) and Wavlink WL-UG7500DH (4 port DP/HDMI) in to test.
Configured a Win11 Pro VM with the Matrox driver. It broke the VM so severely that I had to re-pave. So, I pulled the card, swapped for a Wavlink and created another Win11 Pro VM - to which I assigned the Wavlink card and loaded their drivers.
It works flawlessly. Both HDMI displays I had connected were instantly recognized in Device Manager and available.
I then shut it down, created another VM with Mint 22.3 and assigned resources exactly per the Windows machine. Installed the Wavlink Ubuntu driver and DisplayLink. Rebooted.
Still only see the XOA virtual (Console) screen regardless if I have the VM's VGA option turned on or not. The evdi driver is running as is the DisplayLink service. Looking at Xorg.0.log, I see EDID returns for the two HDMI monitors connected to the Wavlink card along with that from the virtual screen - but no screens other than the virtual one show in Display.
Interesting bit: The GT730 card behaves EXACTLY the same way. Works great under Win11, driver initializes correctly in Mint but no display other than virtual.
Going to post something on the DisplayLink support forum but find it odd that two different cards behave the same way in two different OSes.