Thanks for the input guys.  Is seems weird that this game causes such problems to run in emulation.

I did get the game to work a little in STeem:
What happened was that I loaded up the patched version and it loaded up without corruption BUT then it just loaded to a screen that asked me to insert the Rainbow Islands Data Disk and I could not do that because I don't know where to get that disk.

But the A231 version is not working like you said.