I remember this parameters order by Guest about 2 years ago, like stated above.
This is the actual most modern way to properly allow to use Rainbow in NTSC preset for RetroArch.
Even on the screenshot you see, its how can be portrayed as it should be
NTSC Phase 2 or 3 dont give a remotely close result to what Genesis Rainbow should be.
I had this same issue earlier years ago with other presets that were offered by RetroArch developers.
Solutions to this are presets like the one being presented by Guest or Koko Aio NTSC preset. There’re others that deliver a proper Genesis rainbow. NTSC adaptive was also modified to RetroArch as far as I saw months ago. Hyllian’s NTSC preset also fixed it i think since last time checked