Don't know why, but I was never notified (emailed) of your responses by contribs.org. Thanks.
The virtual environment is qemu-KVM running on Ubuntu 12.04.2 LTS. Have used this setup successfully for years with earlier versions of ubuntu and with centos.
Messages amount to 300 or so per day, and my firewall showed there was no real traffic at the times the slowdown was occurring, and top showed no activity.
Outlook is quite fast at handling IMAP over my gigabit lan. I have take all the IMAP accounts out of the Send/Receive groups because of bug that older versions of Outlook had. (and may still have) To update each account immediately, you just have to click directly on the Inbox or one of the other folders for the account. Or, you can wait and the accounts are updated automatically in the background, but its slower.
I found the problem happened because of a mistake I made when testing a restore using bacula. I realize now that I restored these directories in full:
/etc
/home
/root
/tmp
/var
That seems to have upset SME, and after an hour or two after booting, IMAP and other functions became sluggish.
I had been wanting to switch to the 64 bit version of SME 8 anyway, so I installed from scratch and used the workstation backup in SME to restore a backup to my new SME VM. Workstation backup is wonderful. I have to add a couple of directories that are important to me to DailyBackup.dcf using a template, but it has saved my bacon before.
As insurance, this time I added a 2nd virtual hard drive that SME is happily using for raid 1.