IOU/IOL does not support all features IOS does. Sometimes users report me what IOU/IOL can or can’t do. I collected a list of features which do not work on IOU/IOL: Not supported/working on Layer 3 IOL (Linux)
Multicast with BSR
NTP Authentication
PPPoE (working on 12.4, not working on 15.2)
Routing loops (IOL will crash)
Not supported/working on Layer 2 IOL (Linux)
802.1q Tunneling
Cisco ISL trunks
DHCP Snooping
HSRP address not pingable
L2 PortChannel (not working on 12.2, working on 15.0)