Checked this patch into GIT after 2 days of testing with unreliable results as far as speedup goes. Anyway the code looks more correct. And the initial problem of crashing without any mod was still gone.
I tested with "export ALLOW_OLD_16BPC" using the files I downloaded from the URL provided by Andrew - specifically "1920x1440_16BIT_COLOR.tar.bz2". When I loaded these files the Format got set to 8-bit instead of 16 so that confused me. I specifically set the format to RGBA-16 and dragged files from the resource window to test also. The fps I got with the patch in and the patch out, never varied by much; sometimes better with the patch and sometimes better without.