Demo Longplay #10. Golden Axe III (1993). "Normal" difficulty, "bad" ending. Emulator - Gens/GS r7.
Notes.
1. There are two endings available.
First is shown in this video. Second... Based on the information available around the web, the route the player pick has a significant matter. In short - it's required always to pick south one, which might be a bit harder, to safe all possessed heroes. On top of that at least one continue must be saved. So each hero count as 1, same as continues. If their the sum is greater than or equal to 4 then the final boss will have a second stage and ending will be different.
The same aspect affects the final amount of points. For this reason in some places there is information according to which if the number is less than 500, then you will not be able to get a "good" ending.
Also, in particular, in what places magic was used and how many enemies died due to it, apparently also affects the number of these points.
2. Subjectively, one or another hero may make the game easier or more difficult to complete. For example, the Amazon's basic attack is quite weak, but her special moves are strong enough.