This is great fun–and I’m a bit sad that it took me all of 10 minutes to get Windows 95 running very snappily (if a little buggy) on it, and yet I still cannot “legally” run legacy Mac OS versions on an iPad.
I would pay good money for the ability to run Basilisk II and Mac OS 7/8 era software on my iPad Pro just as easily as I can do today, right now, even as I am typing this, on an Android tablet.
But even though I can (and did) build and sign the emulator myself to get it to run on my own iPad for one week (which is one of the utterly stupid and idiotic constraints that come with Apple developer accounts), I don’t think that is a line that Apple would be willing to cross.
Again, Apple is still, ironically, the main reason why we cannot have nice things on the nicest hardware on the planet.