The Current SIM 7..6 uses sql2014 express edition, so can you check .NET 3.5 SP1, .
NET 4.0 framework and PowerShell 2.0 installed on your 2016 if its not there then it would give you these kind of errors
In the SIM iso package if you extract you will find a a file name advisor.
Please run the advisor it will detect a pre-requesite check list and will warn you with error which needs to be fullfilled
before installation.
Also you can try on a try on a different host server having 2016 and then compare if it works,