Figured I would ask. I was looking to start running the game, but I don't have the money to get a capture device for my 3DS and buy the game. Are all emulators banned or would it be fine to use them?

At the moment emulators are hidden by default. You're welcome to submit and we'll verify the runs all the same. Snoion and Myself are the only active runners and basically our conclusion is "they're fine, but they're ineligible for WR", and so we may open the leaderboard up to emu times to publicly viewable in the future though, with that caveat.