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Note though, that it is still a minimal install so the "Basic Ubuntu server" task packages are missing.
So in theory, the minimal virtual machine option should be used if you are using virtualization technology. The gains would be a faster kernel without the bloat of consideration for many types of drivers. This is because the hardware list in virtual machines is much smaller.
References
Provided what the differences between the installs are - http://askubuntu.com/questions/57336/minimal-system-or-minimal-virtual-machine-on-install