Are you launching in windowed mode? If not, try that and then play with your resolution settings. Normally if the client doesn't like these it'll crash with something like a "resetdevicefailed" message, but /shrug it's simple enough to try.
Edit your eqclient.ini file and look for "windowedmode" and set this to TRUE if it isn't. Then, look for "WindowedWidth" and "WindowedHeight" and set these to some simple 4:3 ratio - like 800 and 600 or 1024 and 768. See if it'll launch with that.
https://wiki.project1999.com/User_In...e_Enhancements
Have you tried any 3rd party options like WinEQ2, Wined3d4win or dgvoodoo2?
-Mcoy