Not saying it doesn't matter at all, just that smaller screens seems to make that kind of thing less obvious.
To each their own though.
I like to tinker and I'm a display junkie. Playing retro games revitalizes me by bringing my headspace back to when I was young. Little me loves these toys. It would be trivial for me to fall down a cynical nihilistic cliff any moment of any day. If a utilitarian wants an explanation, they can have that one.
The imperfections of the audio chips in old consoles are easily audible to humans. If the goal is accurate recreation then assuming the audio chips and driving circuitry is perfect is insufficient.
Video recreation is still far below what the Human Visual System can detect. We are not masters of the universe yet.