Finally bit the bullet and used the download manager and got Poser updated.

So, yes, now everything works as it should. It is just a shame that there is no way to smooth out micro detail on the pixel displacement. I still get those specular streaks like in sample image 3. I thought they might have worked on that since Poser 10 but no go.

Thanks to everyone who contributed anyway. I appreciate your help nonetheless.

Cheers, Paul (mix_mash)