Sega Projection displays are all 50in standard.
you can do the math to determine what will fit but I use this online calculator all the time:
https://www.draperinc.com/projectionscreens/customsizecalculator.aspx
using that a 50in 4:3 display will be 40in wide
a 40in wide 16:9 display will measure 45.8in diagonal (so about a 46in display)
granted this is based on VISIBLE area, the size of the frame/housing will change from display to display but you should measure how much space you're actually working with and then buy a display based on it's overall dimensions.
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FWIW if you wanted to display a 4:3 image on a 16:9 display and have it be the same size as the original 50 in...
a 50in 4:3 display will be 30in tall
a 30in tall 16:9 display will measure 61.25in diagonal...
so yeah... a 61in monitor will give you the same experience as the original projector, anything else will be dowsizing.
going from the original 50in 4:3 to a 46in 16:9 is a 33% reduction in visible screen area if you're stretching the image it's a 42% reduction if you're displaying the image at 4:3 on the new display.
as much as people talk about LCDs replacing CRT displays, I think aspect ratio options kill it more than anything else.