You would probably need a terahertz CPU for cycle-accurate PS2 emulation.
Cycle-accurate PS2 emulation means emulating the state of the CPU, GPU, other interacting processors, and their various interconnecting busses at clock cycle granularity and possibly at sub-cycle granularity if the processors are running asynchronously.
Cycle-accurate PS2 emulation means emulating the state of the CPU, GPU, other interacting processors, and their various interconnecting busses at clock cycle granularity and possibly at sub-cycle granularity if the processors are running asynchronously.