CCD4 Emulation with Virtual CloneDrive

Can the Virtual CloneDrive be used to make a mounted copy of a secrom 4.8 (Hitman 2) encoded CDROM? I can’t find much information in the CloneCD help file. Apparently I need to create the CD image first, then mount it. But if CloneCD 4.2.02 can’t make a working copy of a secrom 4.8 CD without help, it doesn’t seem to me than mounting the image created by CloneCD 4 would work either. Please correct me if I’m wrong here.

What is the advantage of using emulation (Virtual CloneDrive)? Can it be used to avoid having to use bwa files and TwinPeak tool? I’ve seen a lot of bad comments about it, but not sure why.