All ax_peq21k has new, is fixes from the changelogs so it will work with 988. When I get time, I'll do 989 too.
Just to make sure, I downloaded EQEmu-0.7.0-988 and the ax_peq21k database, Installed on my "trusty" windows P3-500 MhZ machine. It all tested fine here, So there must be a problem on your side. Here's some things that come to mind (may or may not be your solution, just some ideas).
Lag; Maybe you got malware or a virus that's cause you to lag? try this;
http://eqemulator.net/forums/showpos...00&postcount=1
if you think you don't, try it anyway.
Are you running everything from the same machine with little memory? you might need at least a gig of memory for client, server, mysql on the same machine.
Did you restore the way I did with MySql-Admin?
You don't have anything running in the bacground, like messengers, av, etc.?