Just tested this one here, seems like it crashes too, but it must be a different bug, because it crashes on a different point.
That new VC emulator releases crashes after the screen with the spinning "N". Paper Mario is crashing on the "You will need the Classic Controller" screen.
One more for Rev17
As for my loading method, i use stuff a bit different than most people do:
I have rev17 on slot 248 and d2xv7 final on slot 249.
I use wiiflow r304 and i get all my games together on a big categorized list using isos generated by the great tool WAD2ISO (from Tristar from this forum). These isos loads the games on emu nand using a triiforce dol which you can change the ios slot when you create the iso, so i just put these problematic games to load on slot 248 for rev17.
I don't like the newer wiiflows due to it's loading limitations. Cant choose IOS, can't switch IOS reloading and such things. They make it more and more automatic and remove the options, so problematic games like these are impossible to run on newer versions since they are stuck on d2x and it crashes those games, also many kinds of isos cant be loaded without such options, inclusind the ones from WAD2ISO and Universal Channel Creator. It also takes very long reading my emu nand (700+ games) whenever i change to it, while old wiiflow don't because it don't read any nand (they are all just ISOS), besides not allowing me to categorize wii games along with the nand ones in one single universal game list.
Here's the video of my wiiflow that i posted on Tristar's topic.
Ps: Yes, everything there loads flawlessly, with a work around for these problem games, though the initial load time for VC games are a bit long due to the redirect/reloading of dol, but it's a small price for all the advantages, IMO.
Another good point of using isos is that i can have the games that are impossible to inject on VC (like Mario World 2, Tiny Toon, Illusion of Gaia, Secret of Mana 2, Psycho Fox and such) in the same list, because it just redirects to an emulator mod that automatically loads the correct game (that's where the Universal Channel Creator comes, it creates the ISOs for homebrew, in this case, the emus with the roms).