Actually there's no guarantee that the card can handle FM just because it's old, for example the Pentium 3 generation with a motherboard that has an FDC chip from SMSC will work.
There is also an option for skipping a track in ImageDisk but then you won't get all the system tracks (track 1-3 on the first side) and have to SYSGEN the disk to make it bootable.
Some more hints can be found here:
Tim Mann's TRS-80 FAQ
http://www.tim-mann.org/trs80faq.html#[15]