What is Pistorm Lite? Game is playable on CM4 with Wazp with default settings or PiZero2/Pi3 with paraj warp3d.library.
Games you mentioned have software rendering. Wipeout needs hardware rendering which is not yet implemented in Pistorm, but partial work has been done by paraj and his warp3d.library. Seems like Pistorm32lite uses Pi3 so you can use it. It is much faster than Wazp. I will upload it here late today l, you can also ask for it on Pistorm official channel on discord.
Edit: Found your earlier post. You have CM4 so only wazp3d. Try with these params
wipegame -fullscreen 640 360 24000 16