The version is the uncompiled latest release. The latest pre-compiled version that you can download doesn't have audio supported, but the uncompiled version does. That's the one I'm using.
Most likely you're running into an issue where it's trying to run the audio system which isn't in the old version. You can cut the audio code out of the source if you like and it should run the same without sound or you can download the uncompiled LoveDOS and compile it yourself with audio and it should work out.