it's not libdc42, I've exercise it against various sized images from 400k, 5M, 10M, 50MB, and 500MB and no clobbering or mismatched data or tags was exposed.
So it's gotta be something inside LisaEm itself, possibly that same CPU bug that breaks the LPW linker, the Desktop menu, the scrollbars, and Tom's Mandlebrot app, or yet another Instruction Pointer Cache issue, though the last time I ran against valgrind, no new warnings showed up.