right theres your problem youve got no-umd enabled (doesn't work well on OE firmwares) and boot.bin enabled these two are the only ones which will disrupt game play disable both and try again with disk
p.s. default speed is 222mhz (i also think the custom firmware locks the speed which would be the reason why devhook works with ratchet and custom firmware needs forcivley setting to 266mhz or higher)

also a quick note on features

RECECOVERY MODE:
CONFIGURATION:
Skip SCE Logo: OFF if on will jump to xmb as soon as you power on from cold boot
Hide Corrupt Icons: OFF hide the non% folder and just shows icon
Game Folder homebrew: 1.50
Autorun Program at /psp/game/boot/eboot.php: off if enabled when you cold start your psp full off and on it will autorun the homebrew at that location
use no-umd: ON allows backups with no disk (doesnt work well, disable and use disk mode)
Fake Region: Australia/New Zealand more for UMD movies if no movies on UMDs set to default
free umd region: ON will allow UMD-movies from region 1-8 on any psp UK region 2 USA 1 Jap 4 i think
ADVANCED:
ADVANCED CONFIGURATION:
Plain Modules in UMD/ISO: ON useful for "plugin" module loading, and maybe customised games (i.e. ratchet and clank with built-in cpu changer.)
Excute boot.bin in umd/iso: on boots the boot.bin instead of the normal eboot.bin (some games may work better, this feature was used mainly in 1.52 game loading on 1.50 and most wanted on 1.50) but not needed for custom firmware
use isofs driver also in UMD: OFF the way backups are loaded the firmware emulates the iso filesystem to make it think its a proper umd enabling will use the isofs driver for the umd drive as well.
CPU SPEED:
Speed in XMB:default
Speed in UMD/ISO:default 222mhz is the "default"
PLUGINS:
Nothing(don't know how to install or what they are)
if you download a plugin (mp3 player, vcs cheat device etc) you place it in a folder on memstick called seplugins and add the plugin name to vsh.txt (xmb usage) game.txt (psp game usage) pops.txt (ps1 emulator usage) and they will appear under plugins subsection to be enabled \ disabled in the mode specified.

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