This is how I am currently getting 3.3 volts for my N64. I doubt you'll need a capacitor cause everything should be really close together in a hand held... but you will DEFINITELY need a heat sink. I chose this way over some of the more popular ways to get 3.3 volts cause i was having trouble getting that TI board. I also bought these in bulk for overall 5$ and got enough to make 10 of them
hopes this helps anyone having this specific problem i had, TRYING TO GET THAT DANG 3.3v!!!