How do I configure an F5 LTM VE Lab on my Laptop and drive traffic to it to generate logs?

The key thing here is VMware Fusion networking is neither intuitive or helpful. You need to look at the networking file in /Library/Preferences/VMWare Fusion directory. This contains the networks and there subnet settings. If you need to add more then replicate what is there and add your own. Make sure Fusion is not running when you edit this file