Use FPSE. It works. I'm currently on mission 26 and it's running like a dream.
Don't be disheartened if FPSE seems difficult to set up - make sure you put the plug-ins (the same as the ePSXe ones) in the PSEMU folder (in the PLUGIN folder) run the configurator (the icon with the tools on it). Select the second plug-in for sound and graphics, click configure and it lets you select the usual ePSXe plug-ins (configure them as usual). Ignore any .dll error boxes you get when configuring (don't click the ok box, just move the dialog box to the side and continue as if nothing had happened.
It can be done!
Don't be disheartened if FPSE seems difficult to set up - make sure you put the plug-ins (the same as the ePSXe ones) in the PSEMU folder (in the PLUGIN folder) run the configurator (the icon with the tools on it). Select the second plug-in for sound and graphics, click configure and it lets you select the usual ePSXe plug-ins (configure them as usual). Ignore any .dll error boxes you get when configuring (don't click the ok box, just move the dialog box to the side and continue as if nothing had happened.
It can be done!