No the Software vide dipal_z is just a eye-wash and is a software for some Moving Msg Display made by the author for a client.
No Obviously you can not do much with it and surely cannot simulate your code for the display.
You need a Proteus Model for simulating your code and that's what I am also lookin foward to.
Incedentally Labcentre acknowledges some bug in the Matrix Display Module Model they have and they seem to have corrected it in their latest version. So even if we (I) have the new Model of the Matrix Display (8x8) from Proteus 6.8 , I can give it a try to make the simulation.