Are you running BasiliskII and Mini vMac in 10.5 in vmware with 10.5 in 10.7 ? Why is that? The latest BasiliskII (and BasiliskIIGUI) and Mini vMac run fine in 10.7.
Mini vMac: http://minivmac.sourceforge.net/doc/download.html
By the way, I was trying to convert some old macwrite pro files to a current format. I was able to do this but it was a pain - had to open the files with ClarisWorks 4 and resave them, then reopen them with AppleWorks 6 and resave them, and finally open them with Apple Pages and save them. If anyone knows a better way, would be happy to hear it.
That is the only way I know. You will loose some of the original lay-out, though.