Local IP is not 127.0.0.1. This is named "localhost" and it's defined in your "hosts" file in System folder, and yeah, many are confused by this.
When it comes to Local IP, most of the time people refers to as Local Area Network IP (LAN IP - 192.168.*.*), not Localhost IP (127.0.0.1).
IP 127.0.0.1 is your Loopback IP address for your Loopback Adapter and it can't be changed because it's a standard. (You can change the "localhost" name, but not the IP).
Running an application on 127.0.0.1 is not the same thing as running one on 192.168.1.100 for example, because 127.0.0.1 is using the internal loopback adapter and 192.168.*.* is using the Network Adapter from your integrated or dedicated network card, which the IP is allocated by a DHCP server (a router in most cases) in your LAN. You can't do nothing with it but use it locally in your machine in case of using localhost address.
"AllowableIpList.txt" it's for what/who can connect remotely through Internet to your DataServers. Leave it 127.0.0.1.
You are running the server on localhost (127.0.0.1), so nothing from outside should connect directly to your DataServers without the connection and packets being checked by ConnectServer and GameServer.
Try setup the ODBCs for both x64 and x32 because sometimes, running on newer operating systems it happens that server repacks have no idea about x64 and x32 so having both should be fine. It must have the same ODBC name tho. (It happened to me).
But, if the server list is not showing up, means that something is blocking your Connect Server to send the server list packet to the client, or even both Connect Server and Game Server are blocked, or bad IP configuration.
Also, running a server into a private network it could be overkill and make problems which you can't control that easy. (easier to have NO-IP DNS and make it publicly available).
RadminVPN is some sort of Hamachi or Tunngle-like softwares?
If it's like Hamachi or Tunngle, then you have to make sure your VPN's IP is set into your files (IpList - probably not existing in MuEMU, MapServerInfo, Connect Server config files).
Don't edit any IP in your server config files besides IpList, MapServerInfo, Connect Server config files. The rest MUST be 127.0.0.1 (localhost).
If it's not working, try testing with your LAN IP, not VPN's IP and if it's working with your LAN IP, you are eliminating other problems regarding IPs.
Make sure also that your AH_INFO and MainInfo are set with your IP when you generate the files for the client.