Here's a capture of my loadout screen.

This type of thing is typical that I've seen under the newer HT&L builds, although it fluctuates between displayed normal, a bit smaller, much smaller, so large that you can only see parts of the ship at the edges of the window, and now most recently, this realy small colored ship. Sometimes, it'll even display the ship as a mere point at the centre of the window.
This screen was taken from the newest fs2_open_n (from the new technology build), tags -htl & -t32, but not with the tag that activates the build's special features. I've also encountered these problem in degrees of severity that have been steadily increasing since I started using HT&L builds with bob's "_t". Launcher is 3.2 (well, actually 3.1 since the program in RT's sig says its 3.1).
System Specs:
AMD 800 MHz. (tbird) 256K
256MB SD-133
GF2 MX 32MB AGP (drivers 45.32 I think, whatever the latest are)
Display is set to 1152/864-32, though limited to 1024/768-32 in game.
Later!