1) "Instructions:
Paste the contents of the bin/ folder from the download package into a location of your preference inside a FAT32/EXFAT USB storage device or any PFS partition of internal HDD (pro tip: while loading games from USB, if POPSLoader is placed on mass:/BOOT.ELF, POPStarter will automatically load it after performing an IGR)
The POPSLDR/ folder must always be on the same location than the POPSLoader ELF."
Just the contents of the folder minus the license and readme files (those are not necessary for POPSLoader). Paste the POPSLDR folder and the POPSLOADER.ELF file to the root of your USB device. Paste a copy of the PATCH_5.BIN file to the POPS folder.
For example
x:/POPSLDR/patch_5.bin (and other files)
x:/POPSLOADER.ELF
x:/POPS/patch_5.bin
The POPS folder is the one that contains all the VCD files of the games, correct? x:/POPS/file.VCD
Or since PSXvcd converts bin+cue files into the APPS folder by default, should I copy the converted file into the APPS folder created via OPL?