Surely NTSCJ 60Hz would be a significant jump from PAL 50Hz.

For those of you who think these are for only clones, I can tell you right now that they play on standard Famicoms with no modification.

So, I'll be honest, I never even tried out the Taiwanese version until now. We've all been running this game on flashcarts and I timed out both and they run the exact same. The 50/60 Hz difference probably only applies with the actual games on their respective PAL/NTSC consoles. So, sure, with the real games, you're probably right, go with the NTSC version. Otherwise, no difference as far as I can tell just messing with it quickly.

Oh, so you guys have been running the PAL version on NTSC consoles. I don't think there's any harm in that for this game as they appear to just be the exact same game with a title swap. I actually own a physical copy of the AUS version and so I was wondering whether to run it or to use my flashcart to play the Taiwanese version on my Famicom. I'm not sure if either of you two know, but Little Red Hood is an extremely expensive cart to buy in real life.