Thanks Levi, appreciate that fast and characteristically helpful reply.
I'm pursuing a likely bug in my video editor, Magix Movie Edit Pro Premium (MEPP), which uses that file to display a caption. But googling about TGA and opening that specific file in both my PSP versions in the hope of insight has only confused me further!
If anyone is curious, the nature of the strange behaviour I'm seeing in MEPP is that the caption effect is disappearing from some (and later all) of the multiple captions in which it was used. The sort of behaviour I might expect if the TGA's alpha channel was somehow getting switched off when the file was used a few times! I wonder if there's any parallel in PSP that might indicate that the file is 'unstable'?
Should anyone want to play with it and let me have any feedback, I've uploaded it here:
https://www.dropbox.com/s/2xbyj4qlww16f ... .tga?raw=1