I was wondering why you would want to have a VM that links to your bootcamp rather than just have Windows in a VM and get rid of bootcamp all together?
I use Fusion as I couldn't get Parrallels to work right for myself and it seemed to want to put apps inside my mack that I didn't particularly want. I have a 27" iMac with a second monitor running. I liked the idea of I could essentially have my Mac on the main monitor and Windows (or Linux, older OSX versions for testing) running on the secondary monitor.
The benefit of running windows in it's own VM is the snapshot function. In a true VM you can take a point in time snapshot of your OS and apps running and revert back to it later. You can't do that with a live directory like putting the bootcamp partition in a VM.
You save no real disk space with Bootcamp vs a VM. The only gain you get is if you effectively turn off your mac and boot into windows you will gain a bit more speed vs having it in a VM... But I have found even intensive apps like Photoshop run pretty fine for me in a VM.
I am just wondering what App you are looking to do? ie, is it a game?