
This is a weird one because if I had to pick a version to play it would be SNES hands down. However, for someone playing the game for the first time or simply looking to try the game out the Definitive Version of Saturday Night Slam Masters is no doubt the original arcade. It has better graphics, high quality sound, no slowdown, and just feels better to play all around.
The SNES is nearly there, and it's much more player friendly without all the waiting around between matches for new players to 'join-in'. So play whichever version you like, but if you want only the pinnacle of wrestling meets fighting game jump into Battle Royal mode on the arcade and take no prisoners just do yourself a favor and lower the difficulty first.