Redhat Enterprise Linunx 4 Advanced Server Install - Unable to Handle kernel paging request on VMWare Worksation 16

Need to replicate a legacy Redhat Enterprise Linux 4 environment to test migration plans. However when trying to install either using text or GUI installation we get the following error:

Is there any install options or VMX configuration changes that can be made to resolve this issue?

The VMX file has the following configuration:

.encoding = "windows-1252"
config.version = "8"
virtualHW.version = "18"
pciBridge0.present = "TRUE"
pciBridge4.present = "TRUE"
pciBridge4.virtualDev = "pcieRootPort"
pciBridge4.functions = "8"
pciBridge5.present = "TRUE"
pciBridge5.virtualDev = "pcieRootPort"
pciBridge5.functions = "8"
pciBridge6.present = "TRUE"
pciBridge6.virtualDev = "pcieRootPort"
pciBridge6.functions = "8"
pciBridge7.present = "TRUE"
pciBridge7.virtualDev = "pcieRootPort"
pciBridge7.functions = "8"
vmci0.present = "TRUE"
hpet0.present = "TRUE"
nvram = "RHEL AS 4 (64-bit).nvram"
virtualHW.productCompatibility = "hosted"
powerType.powerOff = "soft"
powerType.powerOn = "soft"
powerType.suspend = "soft"
powerType.reset = "soft"
displayName = "RHEL AS 4 (64-bit)"
usb.vbluetooth.startConnected = "TRUE"
guestOS = "rhel4-64"
tools.syncTime = "FALSE"
sound.autoDetect = "TRUE"
sound.fileName = "-1"
sound.present = "TRUE"
vcpu.hotadd = "TRUE"
memsize = "512"
scsi0.virtualDev = "lsilogic"
scsi0.present = "TRUE"
scsi0:0.fileName = "RHEL AS 4 (64-bit).vmdk"
scsi0:0.present = "TRUE"
ide1:0.deviceType = "cdrom-image"
ide1:0.fileName = "C:\ISOs\RHEL4-x86_64-AS-disc1.iso"
ide1:0.present = "TRUE"
usb.present = "TRUE"
ehci.present = "TRUE"
ethernet0.connectionType = "nat"
ethernet0.addressType = "generated"
ethernet0.virtualDev = "e1000"
serial0.fileType = "thinprint"
serial0.fileName = "thinprint"
ethernet0.present = "TRUE"
serial0.present = "TRUE"
extendedConfigFile = "RHEL AS 4 (64-bit).vmxf"
floppy0.present = "FALSE"
uuid.bios = "56 4d 1e 63 e3 5b b3 45-1e 03 db d2 7a 93 93 09"
uuid.location = "56 4d 1e 63 e3 5b b3 45-1e 03 db d2 7a 93 93 09"
scsi0:0.redo = ""
pciBridge0.pciSlotNumber = "17"
pciBridge4.pciSlotNumber = "21"
pciBridge5.pciSlotNumber = "22"
pciBridge6.pciSlotNumber = "23"
pciBridge7.pciSlotNumber = "24"
scsi0.pciSlotNumber = "16"
usb.pciSlotNumber = "32"
ethernet0.pciSlotNumber = "33"
sound.pciSlotNumber = "34"
ehci.pciSlotNumber = "35"
vmci0.pciSlotNumber = "36"
svga.vramSize = "134217728"
vmotion.checkpointFBSize = "134217728"
vmotion.checkpointSVGAPrimarySize = "134217728"
vmotion.svga.mobMaxSize = "268435456"
vmotion.svga.graphicsMemoryKB = "262144"
ethernet0.generatedAddress = "00:0c:29:93:93:09"
ethernet0.generatedAddressOffset = "0"
vmci0.id = "2056491785"
monitor.phys_bits_used = "42"
cleanShutdown = "TRUE"
softPowerOff = "FALSE"
usb:1.speed = "2"
usb:1.present = "TRUE"
usb:1.deviceType = "hub"
usb:1.port = "1"
usb:1.parent = "-1"
tools.remindInstall = "TRUE"
gui.stretchGuestMode = "fullfill"
tools.upgrade.policy = "useGlobal"
usb:0.present = "TRUE"
usb:0.deviceType = "hid"
usb:0.port = "0"
usb:0.parent = "-1"
gui.enableStretchGuest = "TRUE"