What I did to make it sound right was to half the durations
of the chords and set the tempo to around 80-85 (not to far
from half Noel's calculation). It doesn't sound bad at 96
Which was the tempo indicated without cutting the chords
durations. I tried both 8th and 16th based drums and the
8th seems to fit the rhythm better.

If someone could explain the theory behind why this worked,
I will read the explaination very carefully.