Hello.
I just registered here to say thanks - after a few days of googling around, i finally found this thread. The game you were looking for is one of the first games I played, ever (along with Speed Freaks, which I just bought today).
My brother and I got the Ps1 in 1996 when we were 4 and 5 years old, but the one thing we lacked was a memory card - so whenever we played, it was from the start. This meant we had to finish a game in one long stretch, usually a Sunday. But this game we never finished - it was impossible to pass a certain level with speeding hovering motors - in some cave of sorts. A change in the perspective happened there, all at once you viewed the character from behind.
Anyways, thanks alot for this. Cheers