I'm using Win68K. I meant to clarify that in the first post, but I guess it slipped my mind.
I chose the third option like you suggested, and it seems to be the right one. I guess what threw me off was that it didn't sound exactly like the PSX version, which I'm assuming was enhanced.
For Nemesis, I'm not entirely sure how to 'boot' ROMs, but I'll try to look elsewhere for BIOS.
EDIT: All of a sudden, I seem to be having trouble with the name entry screen in Castlevania. When I get to the second letter, pressing "confirm" makes it go back to the previous letter before instantly going back, and pressing "back" makes it do the same, but in the opposite direction. If I press either one enough times, it allows me to change the first letter again.
FURTHER EDIT: I seem to have disabled the above problem by disabling JoyKey.