Link to video
Part 2 of the comparison, this time with glitches!
-2:48.43 Kooper Skip.
+? Even though the Power Bounce clips are equal in the video, Kagemitsu didn't use Spin Cancels so we lost a small, unknown amount of time.
-2.50 Different letter route because of Kooper Skip. We expected to lose time here but gained some since there was no LZS to the top letter. Unfortunately, it looks like we lost some frames in the first room woops.
-8.90 Ultra Hammer skip. I feel like this is lower than it should be because Mupen lags a lot less than Bizhawk in the volcano.
-42.30 Stair clip and new flood room glitches.
-4.20 Goombario glitch at final bowser. The clip cuts out the part after the first phase, it's actually saves slightly more.
Total time saved from new glitches = 3:46.33 (give or take a few seconds :p)