I tried it once, but it's a little too chaotic (and if I'm recalling correctly it's Gen III mechanics only and man do I like myself some Special/Physical split sometimes, when every romhack is Gen III you start to get a little tired of it). Plus my old PC couldn't handle those kinds of things well.
I'm more into the emulation and romhack scene myself. :'D
I hope you know that emulation is illegal unless you have a legal copy of the game and console. There is no way for me to tell if you have have a legal copy of the game, but I just wanted to warn you about the risk. If you get caught, you might get fines that are well over 10,000$ (or whatever currency you use).