They used to sell an optical switch mod for the Sanwa JLFs. I have that with round restrictors and stiffer springs. It is silent and I am happy with the setup, but have probaly spent $200 getting there.
The ultimarc U360 uses a hall effect sensor, but I have noa experience with them:https://www.ultimarc.com/arcade-controls/joysticks/ultrastik-360-oval-top-clone/
The original SFII cabs probably had Happ supers or comps. Some arcade purists on here should be able to tell you better than me.
The IL stick I recommended is the closest thing to what was in Mortal Kombat cabs. Yes the movement is round. The switches click, but not nearly as loud as the Sanwa and more importantly you can swap in quieter microswitches if the ones it comes with are too loud. I saw the black ones were oos at focusattack. Paradise arcade also sells them.