I did some looking into this. I'm not sure if we are looking at a MAME inaccuracy, or that there are two different versions of this game floating around that have differences.
What I can say for sure is that I ran the game on my real X68000 and the drums fade in. It also does the same in XM6. I have not had a moment to set up a recent MAME to try it yet.
(For potential comparison purposes to your copy, on my copy of the game files, T94X.X is 51316 bytes with a date of 4/5/1994, and the music file for Talaria, TALAR.ZMC, is 1180 bytes with a date of 3/19/1994.)
Here is my own log from XM6 2.05 VGM Mod (this is redone on the 2021 update, so should be ok). Pre-trimmed but have not messed with it apart from that since I don't have opt_oki.
https://wafflenet.com/files/vgmrips/Talaria_trimmed_1.zipedit: Forgot to mention there is a video from 2012 that matches your VGM log:
https://www.youtube.com/watch?v=DPWmIfi2yHQHence why I am thinking there could be multiple versions. I doubt someone just recording the music would have used MAME back then for that.
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The Wafflenet OPL ArchivePC/DOS demoscene & tracker music... in VGM format!