My opinion on this is a bit complex. For one, this run doesn't use all the opportunities for entertainment, and fails to aim for speed, either. On the other hand, the published run is no better (since it's of course severely outdated, and was made back when tools were quite poor and/or players didn't know how to use them to their full potential).
But. What I'm suggesting is, to do whatever you like with this run (it's subpar, imo), but make a new one in the near future:
1) on the arcade version when we get FBA accepted (see below),
2) and on higher loop (see below).
Version differences are quite noticeable. Arcade version has:
1) less lag (SNES version lags everywhere) yet better image quality;
2)
much better sound (unlike this cow barf on SNES version) with more voice samples ("destroy the core!");
3) higher difficulty (yes,
even harder);
4) more and better stages (this will increase the overall length by some ~10 minutes, but the stages themselves are
so worth it);
5) more and better bosses;
6) likely something else I forgot.
As for higher loops, they have more (and somewhat faster) bullets, killed enemies release suicide bullets, all that kind of stuff that makes the game even harder (and makes TASing it more worthwhile). For example,
this footage by BGR-44 demonstrates parts of loop 3 gameplay, and there are likely to be more loops meaning more bullets.
As such, my vote for this movie is meh. I'll be waiting for an arcade version.