2.63+ is crashing here too, even in compatibility mode (which isn't required here for 2.62.3). Nothing interesting in (attached) log. There are some warnings, but I also get them with 2.62.3, which works fine.
This is my executable. Original unpatched, directly from the 2097 CD image.
I realised that if I dont use dgVoodoo at all, the same problem ocurrs (in one of my computers, the other cant even start the game without dgVoodoo), so maybe the problem is not related with dgVoodoo, as you stated before. The weird thing is that dgVoodoo 2.62.3 makes the game run flawlessly (beside the double speed issue).
I guess that is because the excecutable is from 2097 and your installation is from XL. Try renaming "HKLM\SOFTWARE\Psygnosis\Studios\WipeoutXL" to "HKLM\SOFTWARE\Psygnosis\Studios\Wipeout2097" (my installation uses that name). Don't know if there are other differences between version which may prevent the game from running.
Tried that executable on a XL installation and on a 2097 installation (had to rename several files), and it works on both of them, but ¿where is this executable from? It is NoCD patched and is completely different from XL and 2097 original EXEs from the CD images. This executable don't display the ingame pause menu frame, the loading percent numbers are bigger than they should and are cutted off, and the speed of the game is normal, not double speed, without limiting the framerate to 30, which is a problem this game always had on fast computers. Also, the intro movie is not played, and the launcher allows selection between D3D and software, which all other executables I tried doesn't.
I didn't remember this, I thought it's just a plain no-cd version, but I think I encountered a page on the net years ago, a project that was for fixing WipeoutXL on modern computers.
I cannot find it now, no matter what I google, but the fix I downloaded is attached.