Well, in fairness, 512 is kind of an extreme framerate.
What happens if you choose something more reasonable, say, if you limit fps_max to 120 (kind-of "60 FPS for each eye in 3D")?
I'm not very knowledgable on PhysX, I'm afraid, so I don't think I can help you. Sorry! Consider this, then, a free bump to bring attention to this once more.