Judging by that clip, Rayza, I'd say that this is gonna be a shoo-in.
By the way, I replayed Tyrian recently, and this is the music that's used in the last level of Episode 1 *up to* the encounter with the final boss of Episode 1. Once you hit the boss, it changes to a tune called "One Mustn't Fall".
(Which, incidentally, is one of two OMF references in the game. The other is in one of the datacubes - a message from one of your old friends who, unfortunately, is unable to assist you "since your battle is with spaceships and not HARs".)