Thanks, I'll take a look. Unfortunately I could not take advantage of the RPM version as I'm using Manjaro (which is Arch-based). I'm yet to find a PKGBUILD that would produce a similar result to the RPM version...
I'm installing the system read/write so I could later on manage/adjust the system contents from the Linux side if wanted. I think this option's description is misleading. It actually means whether or not you want to unsquash the filesystem (which would take more space).
With only one partition, the unsquashed /system has to be mounted read/write or otherwise /data won't be writable (hence the option's description). With a separate user data partition (mimicking actual devices), it's still possible to keep the unsquashed /system read-only when the system is running, and I could modify things externally if needed (you can't modify a squashfs image, though this makes upgrading easier). A separate data partition could also prevent the system from being damaged should the user data got filled up later on (in the worst possible scenario)...
It seems this config should be able to get Android-x86 running, but I'll still need to look for a way to assign a different /data partition, as I allocated only 6GB for /system (it actually takes about 2.3GB when unsquashed), with the rest of the space meant for data on a different partition.