It's securom new (not securom 4.8x) protected and Lite-on writers sometimes have trouble reading the sub-codes with sufficient accuracy to produce a good image.
If you happen to have a Litey or Tosh dvd (or any good sub-code reading cd/dvd rom as well, read with that and you won't have any problems even with the default Game CD profile.
However, if you don't, and the Game CD profile fails, try using the Lite-on securom new profile available from the profiles sticky on the CloneCD forum.
If that fails too, try a custom profile:
Read: Read data subs only + Regenerate data sectors; everything else off.
Write: Everything off.
Remember too that before reading you should ensure that hide cdr media is off but that, if you want to run the copy from a writer, you need to turn it back on before playing.