Neo-geo AES (I don't know option). Yes its a "16 bit console" as the others.
As for the listed options.. SNES, due to chrono trigger, Zelda III, and SF2.
With hindsight I just don't get why sega didn't release a home version of the "system 16b" arcade board..
The specs are damn close to the megadrive/genesis.. and obviously sega had the technology.
They did the same thing with the Saturn, a capped STV, and then again with the dreamcast, crippled Naomi.
Megadrive/genesis always makes me think Atari GFX