These are the games I have tested:
Art of Fighting, 2, 3: Seems to run near perfect. no graphical issues.
KOF 94, 95, 96, 97,98: All work really well apart from 98 which came up with that grid screen.
Ninja combat: Seems to run perfect.
Real bout Fatal Fury, 2, Special: First two work really well, special does not even load.
Spinmaster: does not work
World heroes, 2, 2jet, perfect: all do not work
Art of Fighting, 2, 3: Seems to run near perfect. no graphical issues.
KOF 94, 95, 96, 97,98: All work really well apart from 98 which came up with that grid screen.
Ninja combat: Seems to run perfect.
Real bout Fatal Fury, 2, Special: First two work really well, special does not even load.
Spinmaster: does not work
World heroes, 2, 2jet, perfect: all do not work