i've always used 1024x768 at 16 bit on my CV64 (4meg) since the beginning. (at 24 bit, it would crawl)
If you haven't it already, chose New from CGXMode
Type=16bit
ScanMode=Normal
and from the list of the preconfigured modes a
1024x768 (70Hz, 56.5Khz) VESA
and Test it. (it should be a safe mode for your monitor)
If its OK, save it.
EDIT- if for some reason when you click on Test, the test screen isn't showed correctly, click on ESC to exit.