OP didn't specify, but I assume they're using a type-1 hypervisor, likely either KVM or ESXI. If you're also using GPU passthrough, the performance loss is minimal—nothing like your standard Virtualbox VM.
Now, whether its actually easier to set up than a bare-metal Hackintosh, I'm not so sure. I tried it last fall, and it took a lot of fiddling to get working. (It also flat-out didn't work for my very specific use case, but that's another matter.) Maybe it would be better at surviving updates, but it's not obvious to me that it necessarily would, especially when Clover/OpenCore are already pretty decent at it.
You'll need to build a bootable disk image with the EFI folder there, but that should mostly work out of the box. Only thing I changed was the serial numbers so iMessage, iCloud etc work properly. I think it would be easier to set up a working Windows install with passthrough first just so you know you have that portion setup properly, and then do macOS.
Now, whether its actually easier to set up than a bare-metal Hackintosh, I'm not so sure. I tried it last fall, and it took a lot of fiddling to get working. (It also flat-out didn't work for my very specific use case, but that's another matter.) Maybe it would be better at surviving updates, but it's not obvious to me that it necessarily would, especially when Clover/OpenCore are already pretty decent at it.