(Disclaimer: this is mostly speculative)
I have been looking into the sound files of 3D World and I have found something rather interesting with the way the music tracks are named.
Here is a rundown of the file names corresponding with the tracks in both CDs (keep in mind that I couldn't find all of the tracks); for the sake of brevity, I will omit the .32.dspadpcm.bfstm or .bfstm at the end of each file name:
My belief is that there is an indicative of the composer in charge of each track at the end of each of the tracks of the format Redc_bgm_*; so the breakdown based on this could be something like:
.my = Mahito Yokota: 1.02-10, 1.12-13, 1.19, 1.24, 1.28, 1.30-31, 1.34-36, 2.04, 2.06-07, 2.10, 2.14, 2.16*, 2.20, 2.23-25, 2.28-30, 2.32, 2.33*, 2.38 (plus 2.39 as confirmed)
.g = Toru Minegishi: 1.17-18, 1.20-21, 1.22 (?), 1.23, 1.25-26, 1.32-33, 1.37-38, 2.05, 2.09, 2.13, 2.15, 2.17, 2.19, 2.21-22, 2.26, 2.35
.yi = Yasuaki Iwata: 1.27, 2.02-03, 2.31
.k = Koji Kondo: 1.14 (plus 2.12 as confirmed)
Unknown: 1.01, 1.11, 1.15-16, 1.29, 2.01, 2.08, 2.11, 2.27, 2.34, 2.36-37 (apparently some of these tracks are implemented / programmed in a different way, since they have a different naming convention)
* - These tracks are taken straight from 3D Land, so the credit may just be for their implementation in 3D World.
Listening to the tracks back to back with this composer attribution makes it somehow believable for me, but what do you guys think?