Even at the time, the only things that stood about it were 1. the Toriyama art (the big reason people got hooked on the game) and 2. the time travel aspect, which wasn't even that grand back then, and seems even less so now. Other games did the "different time period" schtick better, like Live-A-Live (another Square game) but didn't get any notice for it.
All in all, compared to Square's other stuff, the game was too short and too easy, and really Toriyama's art was about the only seriously great thing about it. That and the boss i mentioned earlier.
Should the game be on the list? Maybe. But number 2 is a huge stretch. It should have maybe been no higher than rank 25 or so in my eyes.