https:/​/​www.​8bits4ever.​net/​product-page/​SX-1

Just curious if you would count a run done for this game or MG1 on an FPGA implementation of the original MSX2 hardware as an "emulator" run. (It is certainly less of an "emulated" run than the PS2 versions.)

As long as it runs at the same speed as the MSX2 version, that is correct lag frame emulation, (also make sure to note if it was run as PAL or NTSC) it would be fine as emulator.