I recalled from my test 2 years back that the game would crash in waveOutGetNumDevs. Disabling the sound would let it work. I tested only Magical Album

As to what I understood, and following what crazyc said, the game is calling midiOutOpen() from inside DllMain, which is illegal because DllMain runs while Windows holds the loader lock.

midiOutOpen() internally touches COM/audio subsystems, and during cleanup it eventually calls CoUninitialize(). On modern Windows, COM detects that this is happening during DLL load/unload and intentionally crashes the process to avoid deadlocks.

Also it seems like bypassing midiOutOpen is enough. DxWnd has a Tweak/sound:midiOutOpenBypass that may be fit for this case

The next two games of the series have the same issue, but when run through DxWnd you have to add QTIM32.DLL to Additional Modules since DxWnd misses hooking it on its own