I would look in to running it on a virtual machine, Windows 98 is best for running the game and with PCs as powerful as they are now, the game should have no trouble. I'll give it a proper go later on and see if I can get it running that way.
From my experience the game doesn't work in a PlayStation emulator - well the game does, but the menus don't, making it very difficult to get a match going. That said, if you can get it working, that is the best picture you'll get out of the game as the scaling and texture filtering in emulators is really good.