I was wondering if I could submit a run through the collection on xbox one as far as i know its the exact same game

I would think so, as it's Emulating the game. If it does have additional stuff enabled, I wouldn't count it as a way to speedrun the game. I haven't played Bonanza Bros on the collection, only got Sonic 2 from the steam sale and haven't played it lol

I agree with ProwoodStuff. As long as it is the 10 stage version of the game I think it should be fine, but do note that I am not part of the mod team for this game so take my opinion for what its worth.

The 10 stages should be: Stage 1: Company Stage 2: Millionaire's Mansion Stage 3: Casino Stage 4: Mint Stage 5: Underground Gold Bars Stage 6: Jewelry Store Stage 7: Laboratory Stage 8: Deluxe Liner Stage 9: Art Museum Stage 10: Pyramid

There are versions of the game that have 12 stages, and +3 bonus stages and a training stage. I believe that would be the arcade version of the game and it is not the same.