That was the ticket. Steam was running it with /AA. I switched it to /AT and... well, it's not quite the same, still sounds a bit too low and not quite tinny enough (hey, those speakers weren't actually very good in the day either), but it's the music I remember now. Thank you very, very much.
Edit: Unfortunately, I'm getting a pair of other issues. The Steam forum is basically dead for this game, so any additional help I can get I would truly appreciate.
First, the =+ key does not seem to want to work. All the other keys function, even -_ but I cannot get the =+ to work. And, since that's the key that ups the throttle, I'm basically stuck on the runway unable to do anything.
Secondly, and I remember this one from back in the day: It's not saving my profile. I do remember that even back then that it didn't want to actually save your character's data (name, service record), unless you had the original disc in. A layer of copy protection, perhaps. This version is doing the same thing. Every time I load up, it's the default records.
Any useful advice for these two problems?