I'd vote yes for Model 2, but only because there aren't decent* open source Model 2 emulators, and would much prefer Model 3 networking to be finished first...
Model 1 would be nice to have, but MAME's is passable, *Model 2 on MAME* is a very mixed bag.
I love the fact that Supermodel is small and focussed...and I'd prefer it to stay that way. Retroarch and MAME are already there for people who want a one stop shop for everything
[Under Linux] MAME [0222] already does a very decent job of Virtua Racer, including networking. I can have 4 networked/linked instances running simultaneously on PopOS! on a Ryzen 3950X, and a single instance of VR runs at 60 fps on Ubuntu on a Core i5 8259U Intel NUC with no issues.... [and not so well, at 30% frame rate on a Jetson Nano...].
I can also play Model 2 Indy 500 on MAME 0222, with successful networking.... most other Model 2 games do not work though...
Flycast is a great, open source DreamCast and NAOMI emulator. Everything I've tried just works... I think only thing it's missing is NAOMI 2 support [I'm not sure about Hikaru]...
Xemu works for [some] Xbox games, but not yet for Chihiro
TeknoParrot is weird, but has the x86 stuff - i.e. Lindbergh, Europa and RingEdge/Wide - covered [mostly]. In 20 years time MAME will probably get these working properly, and Chihiro, too...

I should clarify that I mostly care about racing / driving games. So, my [totally unworthy] opinion would be [in terms of priority]:
#1 Model 3 - continue to improve, and get networking fully functioning
#2 Model 2 - get it working better than MAME, including networking
#3 Model 1 - get VR and VF working better than MAME
#4: goto #1