Not into modern philosophy at all, but I do believe, simulated or not, that this is indeed mostly quibbling.
An engineer would ask what a simulation would simulate. This is the core of the meaning behind that word. And if the answer is reality and it hints to the fact you cannot perceive everything and you conscience tries to construct a cohesive understanding from limited perception, than I would dispute the fact. The only one who tries to do that are philosophers. Going back to my objective, not-simulated ignorance now.
Sorry, but no.
Simulations are systems which have various rules built into them which govern (entirely) the behavior of the components of the system (at whatever levels the rules apply).
A given simulation may have rules that are believed or are intended to generate behavior within it which are similar to some other system (e.g. what we experience as "reality"). But it may just as well have an entirely different set of rules intended to create entirely different, even unknown and unpredictable, behaviors.
Any similarity between a given simulation and what we experience as reality is a property of that particular simulation. There is absolutely no reason why a simulation that is utterly different from our reality could not exist (and indeed, almost certainly already does).