I am planning to release this as an IPS patch which will require that you already have the original CFC2 ROM file. This is the typical approach for releasing translations, but please leave a comment if you have any issues with that or other suggestions.
Speaking of ROMs and what's going to happen when this is released, I know that there has been a fair ammount of interest in playing this game on an actual NGPC using a flash cart. Here is my suggestion. Go check out www.tototek.com. They guy that runs the show there has actually (years ago) made his own NGPC flash cart. As far as I understand, he never actually finished the project. He wanted it to be flashable via USB, but it never got that far. They have a forum there where they discuss new product ideas. Perhaps if they knew there was enough interest and that people would buy enough of the flash carts to offset the production costs they would actually sell them. It's just a thought.
I must let you know that I have been sidetracked lately with fixing up the PSP version of RACE!. It is now in a state that I think is ready for release. It seems to run all NGPC ROMs just fine, thought it does have a couple graphical and audio glitches with a select few ROMs. Hopefully, sometime in the next few days, I think you might find it in the usual PSP homebrew/emulator places.
Here's a little something that I think you might enjoy. I found this nice little CFC2 World Map when looking around the original NeoGeo site. If you click on a location in the picture, it will take you to a (Japanese) description of the location. It's kinda nifty, anyway.