To install just take a look a the standard bind documentation3. The directory structure for the OS/2 port is laid down in named/pathnames.h. See section 'Directory layout' for further information and means to fit your personal setup without recompiling. The EMX runtime and IBM TCP/IP have to be installed. HPFS is required.
You will find the executables in the source directories (named/, tools/, tools/nslookup), ''make install'' does (of course) not work (yet).
It is a good idea to have syslogd running the first time you start named. Try parameter -d for extensive debug info and/or -q for query logging. Default log level is 1; a log level of -d 20 produces over 60 kb of output during the first 2 seconds – beware...