I just noticed the Project 64 resource suggests 2.0 or higher. Those versions are universally banned on every other game:

The game just may emulate poorly. If you'll allow 2.0+ then at least keep console and emulator runs separate.

Thank you for posting this, I actually didn't knew about these issues.

I'll remove the emulator suggestion for now and I'll do several tests with lower versions and maybe other emulators (I tried some others, but most have problems with graphics and colors for this rom). As soon as I get back my N64 I'll also do a test like the one shown in the video to see the differences in framerate.

Those results will tell whether or not runs might be separated. Also (just for the discussion) the important measure is In-Game Time (because the game timer never stops, even at pause and cutscenes) and is independent of the frame rate.

Update:

• Project64 2.x is effectively broken (framerate goes randomly faster), but is the only one without graphics and sound issues.
• Project64 1.6 randomly crashes with no reason if you play more than an hour (some kind of sound glitch).
• Most non-Project64 emulators have graphics and sound issues and also inconsistent framerate.
• Project64 1.7 is the only one that emulates roughly at the same speed of console. (Essentially the whole game, except it manages some laggy parts different). The problem is that it has graphics problems (blue shinning on mines instead of red and a weird graphic glitch when a body part is injured).

Conclusion:

• I'll recomend to use only Project64 2.x and 1.7 (if someone don't care about graphics issues).
• Emulators are still allowed but runs on emulator cannot have real time on the leaderboard, this way console is favored because it can submit real time.
• Of course my word it's not rule. So if there is a larger community in this game in the future, and that community wants emulators to have a separate category, so be it.