Install will not run naively in dosbox without error. Copy rtp files to Falcon 3.0 folder. Place the arm patch in the arm folder, and the music patch in the music folder. Now run gopatch, and one by one type in the name of each patch and allow the contents to extract.
When it is done, you can start the game using the newly created mig29.exe file, or launch falcon.exe to see the updatds in patch 3.1