Chances are your frames are being limited!
Here's how to get smoother gameplay:
Right-click on the WinEQ 2.0 icon on your task bar, select Options --> Preferences
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Expand the EQPlayNice Tab, and highlight "Foreground"
For the CPU/FPS limit, enter a higher number than is already there (typically, 30) I set mine to 100 and am experiencing excellent framerate. Hit apply.
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Highlight the Background tab and do the same thing. Hit apply.
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Your gameplay should see a noticable increase in frames per second, resulting in less choppy, laggy, draggy, FPS loss. Yay! Go you!