gamename wrote:
Disabling a page file inside the guest will improve the performance, provided you make the VM to run with good amount of memory. Above this ESX host will create a default grow able swap in VM folder for flipping the memory balloon.
The vmkernel *.vswp file will not be accessable from inside the VM and by that can not be alterned in any way by the guest memory manager, and by that can not do anything IF ballooning would occur. If the balloon would grow and the VM is short on memory it would have to kill processes to make room for the balloon driver memory areas.
gamename wrote:
If not, what is a more effective way to deal with paging on Windows?
In my opinion there are many misunderstandings on how much Windows really pages into the pagefile. Do you know if you actually have a problem with Windows paging on any of your machines?