To my knowledge, only nebula and kawaks use these roms. What it is, is a decryption hack used for some neogeo games. It's a way to play the games when the "XoR" table's (and i use that term loosely as only cps2 roms have true XoR tables) decryption pattern isn't broken yet. It should have little to no effect on the gameplay or how accurate the emulation is (as the decrypiton process is at bootup).
As all neogeo games are decrypted at this point, I find it a little silly that these versions still exist and that the emulators still support these hacked versions.