Just adding my results...
I was not able to open this game in Trucha as it just hung at 99% CPU usage so I then of course not able to extract the main.dol to use generic wii patcher to remove the 001 Error. The game did however load up perfectly fine in GeckoOS. NTSC .ISO burnt to a Verbatin DVD-R and using a WiiFree chip on a NTSC wii.
Oh, and wifi works fine through it..