Let’s start with the sound which is where the biggest differences lie. The entire soundtrack is played directly from the CD rather than the MT-32 original. The music hasn’t been rearranged as far as I can tell but simply mapped to another fairly similar synthesizer with some more realistic samples for some instruments than were available on the MT-32. Usually I would always prefer the MT-32 in these circumstances but here the new versions are an improvement. Where they do suffer is by taking about 2 seconds to start each track due to that single speed CD-ROM. This is particularly jarring when the music switches up in combat.
I also prefer the digital sound effects for shooting, space debris etc. It would have been nice if they didn’t always play at the same volume but it’s not a big deal. I even like the Japanese voices for the pilots. The language being unintelligible to myself doesn’t really matter given that there are English subtitles. I do wish they had done a Scottish accent for Paladin just to hear what Scottish Japanese sounded like – probably more convincing than the Scottish American in WC2 I expect. On the whole, the FM Towns wins on the sound front.