To top it off the bundle size and memory usage would still be more than just running Win95 in a VM...
I ran windows 95 in VirtualBox recently to play an old game. You need a shady kernel hack because modern CPUs are way too fast, and some shady display drivers.
Electron sounds nicer.
It would give you the authentic feeling of running Win95 on a machine that maybe only had 8 MiB ram.
My sister had a Win95 machine with 32mb of ram and 2mb of video memory. What a powerhouse! Played 3D games on that thing...