My only issue is that people, when they see "emulator" assume it's something like UAE and therefore not a real Amiga, and that it would have all the issues that software emulators have.
So call it a hardware level emulator, or hardware re-implementation, or FPGA implementation. But not 'emulator' in isolation.
Ask any Minimig owner if they feel they are running a real Amiga - they would say yes. There's no translation of CPU opcodes going on, there's no software implementation of the chipset. That's because it is running the CPU opcodes directly on the hardware, it's hitting the chipset registers directly in the hardware, and so on. It's not the original hardware, no. But we don't say that AGA emulates OCS do we?
Next up will be someone saying it's running on software because the FPGA is programmed using a netlist compiled from VHDL, which looks like software to them.