Hello everyone.
This is my first post here, and I want you to know I searched through all the bug reports/errors and did a search with the key words I was looking for before posting a new issue! I simply couldn't find anyone who had these two problems. Also, I (think) followed the detailed readme installation instructions for Morroblivion exactly. Perhaps I made a mistake, but I'm not sure where, I was quite keen on paying attention to them.
1) For whatever reason, enchanted/magical swords (I have not yet seen any other magic/enchanted weapons so I cannot comment) are entirely red, as if the magic texture is missing. It looks really silly, especially when you're using one. I'm not sure what would have caused this, but I'll list my mods/load order below.
2) First person graphics work great (although I cannot get 1st person legs to work, but that's another issue I don't want to address here) EXCEPT when I am using a bow and arrow, in which case it works fine until I draw back the arrow and prepare to fire. As long as the bow/arrow is drawn back and ready to fire, my RIGHT hand disappears completely and the arrow appears to be floating in midair with nothing holding it back. This is not, of course, a total disaster in terms of graphics, but it is sort of annoying. Is there any idea what might cause this? Incompatability with something? Perhaps it is not Morroblivion at all, but DR6? I'm not sure, but was hoping someone could give me some pointers.
Here is my load order:
Active Mod Files:
Click here to expand or collapse this section
00 Oblivion.esm [CRC: 2FF840C5]
01 Morrowind_ob.esm [CRC: C97AC369]
02 Mart's Monster Mod.esm [CRC: 8543DCEE]
03 CM Partners.esm [CRC: FE525BB3]
04 HorseCombatMaster.esm [CRC: AC684E53]
05 Unofficial Oblivion Patch.esp [Version 3.2.0] [CRC: FBE175F0]
06 MorrowOblivion_World Transport.esp [CRC: 46FC4AA9]
07 Oblivionized Enchants.esp [CRC: 494ADFEA]
08 DLCHorseArmor.esp [CRC: BAD48E5D]
09 DLCOrrery.esp [CRC: 5BC59DB4]
0A DLCFrostcrag.esp [CRC: 2A7665FB]
0B DLCThievesDen.esp [CRC: 05DB8CCC]
0C DLCVileLair.esp [CRC: 74D2CA6F]
0D DLCMehrunesRazor.esp [CRC: CB413740]
0E DLCSpellTomes.esp [CRC: 312156F8]
0F Knights.esp [CRC: F1F478FA]
10 DLCShiveringIsles.esp [CRC: 2BB84977]
11 CM Partners.esp [CRC: ED17B93C]
12 CM Partners NPC.esp [CRC: ACB522AC]
13 CM Partners NPC NE.esp [CRC: 5A56E8A2]
14 CM Partners More NPCs.esp [CRC: 49C3BCE9]
15 CM Partners More NPCs NE.esp [CRC: 7595FCF9]
16 CM Partners Marker NPCs.esp [CRC: E7224ABB]
17 CM Partners Special NPCs.esp [CRC: CFCE92CF]
18 CM Partners Extra NPCs.esp [CRC: 9EBE1E58]
19 Mart's Monster Mod.esp [CRC: 930685EC]
1A Mart's Monster Mod - Gems & Gem Dust.esp [CRC: 9BD2C942]
1B Mart's Monster Mod - More Wilderness Life.esp [CRC: C23C178F]
1C Mart's Monster Mod - Looting NPCs & Creatures.esp [CRC: A7FD90D9]
1D Mart's Monster Mod - City Defences.esp [CRC: 75320071]
1E Mart's Monster Mod - Diverse Creature Skins.esp [CRC: 9AB6D941]
1F Enhanced Economy.esp [Version 5.4.2] [CRC: D72B3C40]
20 Enhanced Economy - House prices.esp [Version 1.0] [CRC: 6EE037FD]
21 Vvardenfell_Imports.esp [CRC: C2564B5B]
22 Almalexia.esp [CRC: 3AF74FB0]
23 TNR ALL RACES FINAL.esp [CRC: 3EAE3D44]
24 TNR - ShiveringIsles.esp [CRC: E04586F3]
25 DropLitTorchOBSE.esp [Version 2.4] [CRC: 20E88EC2]
26 SP1stPLegs.esp [CRC: 04938CF0]
27 Mounted_Spellcasting_Deadly_Reflex_Compatible.esp [CRC: 93072653]
28 DRSplatter.esp [CRC: 74B7D119]
29 Bashed Patch, 0.esp [CRC: 25609742]
2A DeadlyReflex 6 - Combat Moves.esp [CRC: 59A4E8C1]
Any help would be greatly appreciated!

#1
The only way to debug an issue like this is:
1) Disable all other mods except what is required for Morroblivion, see if you still get the problem.
A) If you still have the problem, reinstall Morroblivion - did you get all of the VI compenents? All of the additional support files listed on the project release thread etc.
B) If you don't still have a problem, then one of your other mods is causing it. The Deadly Reflex mods would be my suspect...