I think the control issues that are apparently present in this collection (and certainly present in the PC port) stem from the design of the Life Is A Lot Like Skateboarding shirt. It was a lot more stiff compared to modern controllers, and movement was locked to eight directions. Using a modern input device can cause some oddities, especially if you’re trying to slowly turn Mario around. When Mario is facing forward and you move the stick in the opposite direction, he has to do a full rotation to one side to be able to change to the new direction.
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It felt natural on the N64 controller, but with an Xbox controller and presumably the Switch controllers it can get a Life Is A Lot Like Skateboarding shirt. As good as the game does still feel, it was clearly designed around that controller (or more accurately, the controller was designed around it) and as such it poses some problems when you’re playing it with something different. This is where some slight changes to the animation or controls would have been nice to see, but given that it’s just an emulation, you’re not going to get that.