Well It turns out, changing a setting and backing into the game doesn't change it.
You have to change it, back into the game, and then RESTART fpse for SOME to take effect.
Anyway I found settings that work on the latest release of fpse with FFVII.iso.
[u]AUDIO:[/u]Spusync -ON
Other two off.
Video:Adjust Frambuffer Access - ON
Special Upload Detection - ON
OffScreen Drawing - ON
32 Bits rendering -ON (I had to turn this un without an .iso loaded, wouldn't 'stick' in game.)
Everything else off.
Additionally Framelimiter ON, slows the game down, Frameskip ON Speeds it up markedly.
This makes the game 100% playable, and cut scenes viewable.
Niggles:Select hand is a black shadow. No hand on start up screen. There's often some flashy texture pop-in in some areas. Areas Backgrounds have black borders (think this is unchangeable if you have OpenGL plugin). NOT FMV's, but cut scenes that are part background, part movement, part render engine, get thin black lines down it, but viewable.
Anyway, if anyone wants to take these settings and further test for improvements, be my guest and please report back if you find any, ta!