I cant remember if the current version of BlueBurst Ultima (which is free2play) can support split screen, however this one user ....way back in 2008 found a way.
I am sure you know the link is here https://www.phantasystaronline.net/
Simple...Check
Matches my color scheme (Black/Red)
Gives feelings of Nostalgia....Check
Long enough to cover my load times....Check
Respectable shoutout to awesome show of 2016....Check
Installed on my system....Check.*
*though I will replace this with the Alternative version tomorrow.