This is a pretty accurate port of the arcade game. I played it in RetroArch using the 'Beetle PCE FAST' engine. I beat stages 1-3. The stage 2 boss, the fun Poltergeist house, was an amazingly annoying boss.
In this version of the game, you have 5 continues, and then no more.
The game has a level select cheat, from GameFAQs:When the prologue starts up and there's a house in the rain, press Select 3 times, followed by pressing and holding down-left on the directional pad and then press button 1 or 2. It'll bring up the option to select a level..