Two things.
1) Try changing the resolution and see if it helps.
2) Even more likely: if you're running a dual-core system, you can manually change the processor affinity to only run on one core. It's helped me here, also works well for a bunch of other games...
And I seem to survive shelling pretty well to a point - usually 2-4 hits are what kills me, not one.
Still, I wonder if there's any chance something could be implemented with damage...
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There are only forty people in the world and five of them are hamburgers.
-Don Van Vliet (aka Captain Beefheart)
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