As far as I can tell, your best bet to run it on RPi3:
1) Install Raspbian & Wine
OR
2) Install RetroPie, the Pixel UI, and Wine
I've seen some videos of people playing UT99 (playable but not liquid smooth).
Ports (zdoom, ioQuake3, tyrQuake, darkplaces (quake) ,Dxx-Rebirth, eduke32, sdl4wolf) are your best bet,
followed by ScummVM then an Amiga emulator (AmiBerry is pretty good) then Dosbox. I too had good success with these.
Here's the RetroPie wiki page:
https://github.com/retropie/retropie-setup/wiki & here's a link to a thread I made a while back (will be adding an update to it sometime soon):
https://www.gog.com/forum/general/the_does_this_pc_game_run_in_raspberry_piretropie_thread edit:
Win95 games are a pain to run even on today's PCs... patches (official or otherwise),engine ports, ScummVM, Dosbox, & ResidualVM (for 2-3 games) is what I would look for. When all that fails, a Win95 VM is last option & it may work well with respect to compatibility but your millage may vary.