I would be in support of choosing an emulator such as Bizhawk that is known for accuracy (with the right settings) so the playing field is level. When I did my "WR" run I was very new to speedrunning and didn't really consider how the emulator would affect the speed.
I haven't used retroarch/beetle, don't know much about that.
I have been learning Metroid Fusion recently and they require Bizhawk with specific settings for accuracy. The link to the thread explaining the settings is below. I know this is for GBA, but a lot of the settings could be similar for PSX, just something to consider.
https://www.speedrun.com/fusion/thread/sowgi
Thoughts? I'm perfectly fine with removing my run if we think my emulator choice drastically impacted my time.