By default settings, FPS flickers around 290-310. Really hard to read, it flickers a lot. Thank FRAP's.
It maintains this through Fixed, No Normal, No Glow, No Diffuse or any combination of those.
320-340: No Lighting
320-350: No Spec
360-380: Fixed, No Spec/No Lighting
350-410: Fixed, No Spec, No Lighting
I also had Enable Subsystem Rotation, Show Thrusters, No Culling.
C:\Games\FreeSpace2\fs2_open_3_6_10d.exe -mod FSU -spec -glow -env -nomotiondebris -missile_lighting -normal -3dshockwave -no_vsync -cache_bitmaps -dualscanlines -targetinfo -orbradar -rearm_timer -ship_choice_3d -weapon_choice_3d -3dwarp -snd_preload -loadallweps -ambient_factor 10 -no_emissive_light -spec_exp 11.0 -spec_point 0.6 -spec_static 0.8 -spec_tube 0.4 -ogl_spec 30 -clipdist 0.1 -fov 0.55 -no_fps_capping
No AA or AF on in Launcher or CCC. x1800 GTO.
Compared to the 8800 640 GTS, not too bad.
390-410: Standard
470-520: No Lighting
470-520: No Spec
480-550: Fixed, No Spec/No Lighting
490-580: Fixed, No Spec, No Lighting.
Both cards tested in the same system.
Edit: I can't test on my x1650 XT at the moment as I need to replace the heatsink and/or fan on it.