Progress!
I had a hunch, uninstalled Picasso96, rebooted, reinstalled Picasso96, rebooted, and PRESTO, I'm now getting all the "missing" options! I just hit the "Test" button and my VGA display lit up with a beautiful test pattern, in full, glorious color!
I'm late for work, so I'll try to play around with this more later, but still, it's nice to know that I'm getting closer to making this work for real!
:-D
Huxley