FM3 is really buggy (sound speed up/downs, locks crashes etc) in ePSXe. It might sound like heresy, but play it in FPSE instead - it runs really well, at a stable speed and with few bugs.
As far as the spu, Iori's seemes to work best under FPSE.
As far as the spu, Iori's seemes to work best under FPSE.