Yup. Just tested it out and that is exactly what is happening. The graphics are being loaded from the default directory instead of your custom directories.
EQW is the program to bypass patching (
www.eqwindows.com).
I really don't use it except for this because my in-game resolution is the same as my windows resolution. =P
So... that's the problem. I think it's time to do some bug reporting. =P
-DE