Mick.
As mentioned in a previous post, all motorcycles suffer from the phenomenon of 'wheel drop'. At slow speed, as you turn the steering to one side, the height of the front suspension will drop because of the steering geometry which will create a force tending to make it turn even further. The greater the bike's trail, the greater is the force. Above a few mph, this force is countered by the gyroscopic forces from the faster rotating front wheel, which tends to keep the bike moving in a straight line.
Your Virago has a relatively large trail and hence wheel drop is very pronounced - hence, it's not an easy bike to manoeuvre at slow speed.
In answer to your question, I think it should be possible to maintain your balance on a bike at full lock providing the front brake is applied to stop it moving. I'll try it on my trail bike later!