1st: get 1964 0.8 (? or some other version?).
2nd: resident evil doesn't work very well. You'll need rice's newest rsp and daedalus plugin to make it work. Although it won't work well anyway.
I found Azimers Audio Plugin 0.40 beta 2 now, and it kinda works with Resident Evil 2. Everything runs just fine but the speech isn't played at all >_<
1964 just gets hundreds of opcode errors when trying to play Resident Evil 2 though.
Unfortunately I managed to write that post before I had tried it out with that rsp
It runs pretty much normal speed in 1964, but the voices isn't perfect, but it works and is playable
Project 64 is slow on playing it though.
If you have a fast PC. Just use the newest version of pj64 and the newest plugin and RSP. If you have a computer with < 1 ghz use 1964 (newest version), newest plugin without RSP.
Well, I'm playing it on a 1.8ghz Athlon with 512meg ram and the game runs at around 30fps in project64. It runs full speed in 1964 but there the speech doesn't work (and some of the cheats).