Your graphics card doesn't support framebuffer objects nor fragments shaders. Both are needed for full Framebuffer emulation. Truthfully, and like you've already had, you can get the game working but only if you disable all framebuffer-related options and disable "Use pixel shaders for 'PSX texture window' emulation". This way many games that use FB effects only show a black screen when FB effects occur... or the majority of the games will outright crash. There's really not much you can do, except maybe try the standard OGL, D3D plugin or simply get a decent mid-range graphics card.