You did a pretty good job at re-creating the effect. However, there are a few things I would have done differently, such as enabling the hide hand setting, disabling particle effects, and enabling split controls. (Also a texture pack that hides the crosshair would be great too) Just some constructive criticism, please don't take this as an insult :)
Interesting fact: The pillars in the back in the actual PS2 console actually determine your memory space and such. The more taller the more active you are on the device. Idk if this is 100% true but its a fact I've heard
I never grew up in the 2000s but my Autism caused me to be more sensitive to certain tones, like the PS2 sound giving me an unknown feeling of nostalgia.
It turned out well but if you hadn't equipped the sword and instead of recording the audio you would have looked for it and downloaded it and then added it and it would be perfect, it's a good try