OK, breaking it down:
1 Alex Kidd in the Enchanted Castle
Surely no arguments here that Miracle World is better, right?
2 Altered Beast
Always a terrible game, even in the arcade. Laughed at by all magazines on release for the MD.
3 Arnold Palmer Tournament Golf
PGA Tour, less than a year later, show how to properly do a golf game.
4 Forgotten Worlds
Decent, but suffers from not having the roll switch from the arcade. All the home versions were pretty broken as a result.
5 Ghouls'n Ghosts
6 Golden Axe
Good, as a conversion, but Golden Axe was always a bit repetitive.
7 Last Battle
Terrible. Everyone knows this.
8 Mystic Defender
Wardner and Strider both came soon after, and both were far better.
9 Rambo III
It's no MERCS or Ikari Warriors. Or even Commando.
10 Revenge of Shinobi
11 Space Harrier II
Good, but like many MD conversions of Super Scalar arcade machines, pales next to the arcade.
12 Super Hang-On
13 Super League Baseball
It wasn't even a good baseball game. You have very little control over your hits, and Sports Talk Baseball was better in every way, although that was 1992 I think. Hardball by Accolade was better too - not sure how early that was though, but was before they started being officially licenced!
14 Super Thunder Blade
Without the cabinet it was nothing. The MD version was awful, with terrible, game breaking collision detection, especially on the into-the-screen levels.
15 Thunder Force II
Great, of course.
It's no Thunder Force II