Sometimes with games, they say DX5, but don't use DX5 features. Your best bet to to try them and see if they crash. You never know when they will work.
The OpenGL is the standard OpenGL. The Quake series runs great, along with all other OpenGL games.
Win2K on the other hand, will support everything. DX7 is built in and OpenGL is just as good if not better than NT4s. Currently with Release Canidate 2, the only problem is getting drivers that support everything.
Hope this helps. NT could be a great gaming OS if they gave us more than DX3.
BlueNexus