Anyway, the story is as this:
I bought Outlaws yesterday in sale on GOG.com.
They were using older version of nGlide that crashed the game no matter what I did.
I found out how to get it updated to latest version, did just that and ran the game with it.
Same crashes happened unfortunately.
I tried to play with various nGlide settings and one that enabled me to play the game properly was using Vulkan.
I don't know why the game crashes with DirectX API backend but it does.
If I can provide some additional info (logs, etc.) just tell me how to get them and I can post them too

My rig:
OS: Windows 10 Fall Creator Update
CPU: Intel Core2 Quad Q6600 @3.0GHz
GPU: Nvidia GTX 1050 OCed
RAM: 8GB DDR2