Possable on Saturn ?

Sense there was the Phoenix and SMS Plus emulator on the saturn, would an arcade emulator for the game Bank Panic be posable ?

The specs of the hardware are as follow:

Z80 (running at 3.967120 MHz) + 3 x SN76496 (running at 3.867120 MHz), the res is 224x224, 32 colors.

I know it sounds lame but it sounds like it could be done IMHO.