That said, I will say that the PS1 was superior for fighters, racers, JRPGs and survival horror games, whereas N64 was superior for platformers, ARPGs and first-person shooters.
I would give racing games to the N64 for one reason alone, during that generation I used to check every racing game I bought to make sure it had a four player option, no four player option pretty much meant a racing game was worthless to me (unless it had some kind of original hook, but even then I tended to play Wave Race and 1080 less than the 4-player games). PS1 games didn't really include four player options until the very end of the generation (the latter half of 1999) by which point I was playing Dreamcast.
But apart from that the N64 has a very diverse selection of imaginative racing games anyway, from rally/serious (World Driver Championship/Top Gear Rally 2, V-Rally 99), to futuristic (F-Zero, Rush 2049, Star Wars Episode 1 Racer, Wipeout 64, Extreme G), to sports (Wave Race, 1080, Excitebike), to arcadey (Ridge Racer 64, Beetle Adventure Racing, Top Gear Overdrive), to Karting (Mario Kart, Diddy Kong Racing, Snowboard Kids), to quirky/weird (Micro Machines 64, Iggy's Wrekin' Balls)
Sure the PS1 had the numbers, but a lot of them seemed like cookie cutter racing games to me, not doing anything wrong per ce, but not standing out much either. Obviously Ridge Racer 64, and Wipeout 64 certainly weren't the greatest iteration's of their series' available, but they were very respectable for their times, and I would've missed out on some good times with my friends had I gone with the PS1 versions instead due to the lack of multiplayer. Also, to be honest I would never have had any intention of upgrading my racing games every year, which seemed to be the PS1 way of doing things, i'd have prob bought either Ridge Racer or Revolution, and then forgotten about bothering with Rage Racer, or R4 unless I stumbled upon one of them going cheap, I like to spread my money around into different games, not spend it on incremental improvements once a year.
So yeah, Racing I would personally give to N64, along with 3D platformers, First person shooters, and generally any kind of multiplayer party games, everything else is better on PS1 pretty much though, and a lot of the genre's (such as RPG's) are better on PS1 by a substantial degree.
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