VGA adapters/monitors can be really picky with the IIsi's video - older LCDs may not support sync-on-green. Try messing around with different settings. I use a Viewsonic VA2323wm LCD with adapter for my IIsis and it works great.
In either case you'd be way better off in the long run doing a recap.
In either case you'd be way better off in the long run doing a recap.