Currently, the limits on accessing the I/O of the OPL4 are not emulated.
The limitations are described on page 8 of the application manual:
http://map.grauw.nl/resources/sound/yamaha_opl4.pdf
Address write: 56 cycles (FM) / 88 cycles (PCM)
Data write: 56 cycles (FM) / 88 cycles (PCM)
Loading PCM header data requires a wait of approx 300 µs, see page 10 and 16.
Reading and writing external memory requires these waits, see page 16:
Data write: 28 cycles
Data read: 38 cycles
These are quite specific numbers, but probably some further testing is required to confirm them, as well as the behaviour when access is too fast.
It's important to mention that those cycles are related to this chip clock: 33.8688MHz.
After a test with cycle-accurate timing on turboR, I have established that:
The required wait after an FM address write is 12 R800 clock cycles (6 3.58 MHz bus cycles, 56,77 OPL4 clocks).
The required wait after a PCM address write is 18 R800 clock cycles (9 3.58 MHz bus cycles, 85,16 OPL4 clocks).
Regarding the discrepancy between the PCM wait (85.16 clocks vs. 88 clocks in the documentation), note that the R800 outputs the I/O data on the bus for 3 whole bus cycles (28,39 OPL4 clocks), so the OPL4 probably just catches on to the tail of the I/O signal.