Thinking a bit more about it - when assigning it to a VM I think you are limited to defining local files - not remote ones as you define a connection method (e.g. virtio, sata, etc) that is not network aware. If you want to use a network location it would have to be assigned within the VM after starting it..
Be interested if anyone HAS managed to assign a network location as a drive to a VM at the Unraid VM definition level.