This list was compiled by Pep Alacant according to his experience using real hardware.
 

Games with only an initial loading or with short loading times between levels/rounds/fights:  
2020 Super Baseball (1995)
ASO II: Last Guardian (1994)
Baseball Stars 2 (1994)
Baseball Stars Professional (1995)
Breakers (1997) (using "Simple Select" option)
Burning Fight (1994)
Choujin Gakuen Gowcaizer (1995) (using "Shortcut" option)
Choutetsu Brikin'ger (1996)
Crossed Swords (1994)
Crossed Swords II (1995)
Cyber-Lip (1995)
Double Dragon (1995)
Dunk Dream (1995)
Fighter's History Dynamite (1994)
Flying Power Disk (1995)
Futsal: 5 on 5 Mini Soccer (1996)
Galaxy Fight: Universal Warriors (1995)
Garou Densetsu (1994)
Garou Densetsu Special (1994)
Ghost Pilots (1995)
Janshin Densetsu: Quest of Jongmaster (1995)
Joy Joy Kid (1994)
King of the Monsters 2 (1994)
Last Resort (1994)
League Bowling (1994)
Magical Drop 2 (1996)
Magician Lord (1994)
Mahjong Kyoretsuden (1994)
Metal Slug (1996)
Mutation Nation (1995)
NAM-1975 (1994)
Neo Drift Out: New Technology (1996)
Ninja Combat (1994)
Ninja Commando (1994)
Oshidashi Zintrick (1996)
OverTop (1996)
Power Spikes II (1995)
Puzzle Bobble (1995)
Raguy (1994)
Rally Chase (1994)
Riding Hero (1995)
Robo Army (1995)
Ryuuko no Ken (1994)
Samurai Spirits (1994)
Sengoku Denshou (1995)
Sengoku Denshou 2 (1995)
Shogi no Tatsujin: Master of Syougi (1995)
Soccer Brawl (1995)
Sonic Wings 2 (1994)
Sonic Wings 3 (1995)
Super Sidekicks (1994)
Super Sidekicks 2 (1994)
The Super Spy (1994)
Top Hunter (1994)
Top Player's Golf (1994)
Twinkle Star Sprites (1997)
Viewpoint (1995)
World Heroes (1994)
World Heroes 2 (1994)
World Heroes 2 Jet (1994)
World Heroes Perfect (1995)

Games with longer loading times but still playable and enjoyable:
Garou Densetsu 2: Arata-naru Tatakai (1994)
Metal Slug 2 (1998)
Ninja Master's Haou Ninpou-chou (1996) (using "Shortcut" option; it also has a lot of frame cuts)
Pulstar (1995)
Real Bout Garou Densetsu 2 (1998)
Ryuuko no Ken 2 (1994)
Shin Samurai Spirits: Haohmaru Jigokuhen (1994)
Shin-Oh-Ken (1996) (using "Shortcut" option)
The King of Fighters '94 (1994)
The King of Fighters '95 (1995)
The King of Fighters '96 (1996)
Tsukai Gan Gan Koshinkyoku (1994)

Games whose long loading times hurt the gameplay:    
Fire Suplex (1995)
Fu'un Mokushiroku: Kakutou Sousei (1995)
Real Bout Garou Densetsu (1996)
Real Bout Garou Densetsu Special (1997)
Samurai Spirits: Zankurou Musouken (1995)
Samurai Spirits: Amakusa Kourin (1996)
Super Sidekicks 3 (1995)
Tengai Makyou Shinden (1995) (Lots of cuts)
The King of Fighters '97 (1997)
The King of Fighters '98 (1998)
The King of Fighters '99 (1999)

Games which are barely playable due to extremely long loading times, frame cuts and graphical simplifications:  
Art of Fighting: Ryuuko no Ken Gaiden (1996)
Bakumatsu Rouman: Gekka no Kenshi (1998)
Bakumatsu Rouman Dai Ni Maku: Gekka no Kenshi (1999)
Shinsetsu Samurai Spirits: Bushidou Retsuden (1997)