FFVII runs perfect for me in ePSXe 1.5.2, minus the pause that happens instead of a transition before battles. I could, probably, fix that problem with a change in my configuration settings, but I don't feel like looking it up (right now).

I searched Google for the settings I'm using now. There are a lot of forum threads on the internet that address common problems with Final Fantasy games on ePSXe.