Heres a Beta Release of a Sega Model 3 arcade emulator for Windows, heres the release notes:

Supermodel SVN r716 is compiled. Supermodel is a Sega Model 3 arcade emulator. Supermodel emulates Sega's Model 3 arcade platform, allowing you to play a number of ground-breaking 3D classics on your PC.

Supermodel SVN Changelog:
r717
Clamping must be applied before the spotlight is applied on step 1.0 h/w.

more info http://www.emucr.com/2018/03/supermodel-svn-r717.html