Ok, it took some time to find the culprit for the blue screens. A faulty dvi-vga adapter with not reliable output.
So this time I used vmmaker pal preset, added magic modes, download the gm alpha asio version, followed the installation walkthroughs and I'm very satisfied with the results!
The magic resolutions are really great, the extron also pumps up the signal a bit and the low latency audio works terrific.
Thanks a lot all you guys, the quality is amazing!