I created a far more deeper analysis then that, and found out where some of the test in the game is, e.g. x5sara1.bin contains the text in the area of saraband with the church weapon shop etc, also as noted in the shining force forums, I also found info such as
it looks like as if some where in the range of
starting addr 00000000 to
ending addr 00001a64
are the same with the exception of bytes
0000001a
0000001b
tend to be slightly different
I also looked at this file an assembly file, but then I realized that i do not know saturn assembly lol so I am kind of stuck here with my translation for now. Another question I have is if anyone was successful with rebuilding this game, I think the ip.bin is larger then a 32 k but I don't know, a little help on this?