I have tried my own version of chasm, and a downloaded copy at this point.
I have also tried the original files, the 1.04 files, and the files from the csmtcpip.exe package.
I have also now tried the SVN version as well.
I then tried fixed cycles, in the following order:
2,000:
Chasm
Chasm after applying tppatch
Chasm 1.04
Chasm 1.04 after applying tppatch
Chasm update from csmtcpip
Chasm update from csmtcpip after applying tppatch
5,000:
same
10k:
same
20k:
same
50k:
same
I have attempted the above steps on 2 copies of the game.
In the end, what I found to work was changing the core to simple. This is not notated in any of the threads I have found on the game however, and it simply will not run otherwise.