You could use the configuration I set up in that to run it but I kinda stripped down Windows 3.11 as far as I could.
I've run Win3.11 just generically using DOSBox to emulate an older machine. Then it's just a matter of getting an ISO of Windows and installing it in whatever method you need/want or you can probably also just get an already expanded dump. Win3.1 is shockingly simple in the way it configures itself.
Can grab an ISO from here:
http://www.mywindowspage.com/download/os.htmUsing DOSBox you can mount the ISO to a CD-ROM emulation drive and install from there. I use the D-Fend Reloaded DOSBox GUI Front End to configure DOSBox with all of this, config files are kind of a pain to deal with.
Anyway, I set up the configuration at 55000 clock cycles (seems to run reasonably well like that), 64MB Ram and leave the rest pretty much as it is. Should run okay --
If you want a higher resolution than 640x480 at 256 colors, you'll want to set the video driver using the S3 SF (small font) drivers. 800x600 is usually the highest I go with that but it's up to you and what you prefer.
Another way to do this is using a VM (like virtualPC) and running a 32-bit flavor of Windows 95. In know Outpost1.5 ran just fine even on my Windows 7 32-bit setup (before I upgraded to Windows 10 64 bit, I almost hate myself for that).