I'm using RetroArch 1.14.0 and NeoCD (2022 de42c4f). BIOSes are present and checksum matches the SHA-1 hashes the core provides. When playing with Neo Drift Out - New Technology, the game is constantly lagging, showing poor frame pacing. Using the internal FPS counter inside RetroArch shows that everything is being run at 60fps. I also tried using Lakka 4.3 and a Raspberry Pi 4, the problem still persists.
Here's a video captured from real hardware showing the game doesn't have that kind of slowdown naturally: https://www.youtube.com/watch?v=rBxGWU_V3kw