I also hit F9 twice to get the behind view, then zoomed out with the Delete key. Then I went into the Mouse options and selected Invert Y Axis. Makes for a decent ghetto 3rd person view. But yeah, thing is your character has seizures when you turn with your mouse.
Since there's no built in Framerate limiting like the newer clients have, I also had to edit the eqw.ini to cap the fps by editting MaxFPS=30 so the turning on the X axis wasn't assfuck slow. Seems to help a bit, not as fast as I would like and it fucks up sometimes after alt-tabbing by going back to slow turning mode.
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