I just recompiled the default slack 10.2 (2.4.31) to the latest kernel and when I rebooted to the new kernel it worked fine but the console font was REALLY huge.
which made it seems I would have to recompile the kernel to fix this which doesnt seem right (unless I really missed something here).
When I edited lilo.conf originally after the boot all I did was add the new kernel and it came out really big font. Then I commented my usual line and uncommented vga=normal and still same results.
I used make oldconfig and dont remember any options about font sizes or any vga things so I do not know where the issue came from.