Instead of removing the Iviaspi filter I thought I would first try disabling this driver. I did this using System Explorer. Upon reboot neither my optical drive nor virtual drive appeared in Windows Explorer. This did not seem good so I re enabled Iviaspi. I wasn't sure whether removing it using ImgBurn would produce the same undesirable result so I decided to install the Toshiba UDF 2.5 driver. Up to this point I had not yet taken this troubleshooting step primarily because there did not seem to be a consensus on whether this was necessary. My sense was that perhaps on an XP system this could help.
After installation of the UDF 2.5 driver I am able to play a BD ISO mounted in VCD on TMT3.
After installation of the UDF 2.5 driver I am able to play a BD ISO mounted in VCD on TMT3.