Yes. As of October 2023, both emulators run Update 2 with Vulkan backend. However, motion controls for tilt levels require a DualSense or real Joy-Cons paired via Bluetooth.
The second major patch (v2.0.0 / v2.1.0 depending on region) focuses on stability and quality of life: Super Monkey Ball Banana Rumble -NSP--Update 2....
: Introduces 20 extremely difficult stages, alongside a new "Expert Mission" for high-level players. New Playable Characters & DLC Yes. As of October 2023
Alongside the free 2.0.0 update, SEGA released two major guest characters as paid DLC: Super Monkey Ball Banana Rumble -NSP--Update 2....