Yeah, ppsspp is a good bit faster and more accurate than lr-ppsspp. Some games you can run well at 1080p, some will run certain sections well, some will just choke. Depends on the game.
Pi2 I have played:
Hotshots Tennis at 1080p full speed except when the camera zooms in on the tennis court.
Gurumin at 1080p, parts of town are very slow. Inside the house is full speed, as are most gameplay levels.
I can test more later. Will have to figure out how to use the USB rom location. Games are big. :D
Definitely use ppsspp instead of lr-ppsspp. But keep a keyboard handy. You can't exit to the menu with the joystick.