If anybody comes accross this: Happened to me with version 4.6 (on raspbian buster), exactly same problem, like 3fps on all PS1 games. Tried different emulator (removed lr-pcsx-rearmed from main packages and tried pcsx-rearmed form optional). That ran well, but didn't see controller. So I decided to tweak with original lr-pcsx-rearmed, reinstalled it back and voilaaa, games at full speed. Don't know the reason, but for somebody just wishing running emulator it's worth trying I suppose.
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