Checking some of the programs found in ArcaOS 5.03 or that I install and use, I noticed some would say that a dll was not found in libpath when tested with PMDLL. I do not know how important that is for the program to work properly. To fix this, I just make another directory called copied_dlls on the drive root, added it to the libpath statement in my config.sys, and copied these dlls to it and the errors PMDLL showed went away.
Dragtext:
drgtxt39.dll
dtinit39.dll
FM/2:
fm3dll.dll
XWP 1.0.12 GA
XWPhook,dll
Lucide 1.41.b10
ludoc.dll
Warpin 1.22
wpirtl.dll