"Hot" version not detected by Homebrew Channel. Fix: Rename the boot.dol inside the installer folder to boot.dol (all lowercase). Some archiving tools corrupt the case sensitivity.
Create a folder named wad on the root of your SD card/USB drive and place the file inside it.
Check the Not64 Compatibility List to see which games require specific settings for better performance. How to install NOT64 Channel [2022] (NOT64 channel wii)