N64's graphics chip is quite advanced, even though it has been 7~8 years old. Even if you have a super graphics card supports DirectX 8.+ without any problem, it can not emulate all N64 graphics chip functions. (DirectX9 can not emulate the N64 either.)
In fact, Nvidia chips before Geforce3, and All ATI chips up to date can not fully support all N64 graphics chip combiner functions. Geforce 3 and later chips can do it, only if programming with OpenGL Nvidia extension, not with DirectX 8 or 9.
(You may have seen that Jabo's DX6 plugin have already been working very good, because it has simplified many of the N64 graphic chip functions, and we don't know the correct effects because we have never seen them on a real N64. Of course, with a real N64 and a television, we can not see very good graphics effects as you have seen on your computer screen because the low resolution of your TV! Who knows which is better.