I built a simple PDP-11/20 emulator (not cycle accurate) that used the Atmega chip and a couple of FRAMs for 'core'. At 16MHz it ran faster than the PDP-11/20 did when it was built, and the 11/20 ran RT-11.
Basically this is a detailed way of saying that perhaps you perceive limitations where I see opportunities :-)
[1] https://www.parallax.com/product/basic-stamp-1-interpreter-c...
[2] https://www.mouser.com/ProductDetail/AP-Memory/APS6404L-3SQR...
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