Ok, let's be clear on this, your CPU is 2.4ghz, it's more than enough to emulate Galaga so don't worry about that. 512 mb of Ram is also ok, again we're talking about emulating a game that's so small that ram is almost insignificant.
Your problem is probably a video configuration issue. Here's what you can try to test this out.
- try MameUI (formerly Mame32). The reason is that the video option are a little easier to test. There's nothing it can do that the command prompt mame can/can't, they're both the same but one is easier to mess around with, thus my recommendation, especially if perhaps you're not fully familiar with Mame and emulation itself.
- Try the different rendering options. I can't remember which is which but selecting "Directdraw", "GDI" or Direct3D will get you various rendering option but also a different hit on the framerate depending on the game.
- When others have said "try and older version", try something like MameUI(32) pre version 0.100. I think some have said the fastest versions of mame is something like mame 0.68
- Ensure the configuration is set up to not skip any frames (I think it's called "draw every frame". I'm sorry if I can't be specific, I'm at work and can't check this out.
MameUI isn't better than command prompt mame, but it might make it easier to sort out the issue. Once you've found the culprit, THEN start messing around with the Mame.ini.
Hope this helps.
Loaf