In BSplayer Preferences (right click->options->preferences) under Subtitles tab disable "Draw subtitles to Overlay surface". Now, with this option you can move subtitles up or down (Shift + Cursor Up (or Down)).
In the other hand, in prefereneces for your graphic card set Display mode to Clone mode or Single display for TV (do not use DualView). This setup is more-less equal for all graphic cards.
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