Here you can download another good converter (FREE) specially made for Hi-MD file conversion.
The easiest way to convert an authorized OpenMG file (to mp3, wave, ogg or flac) is to use MarCNeT's excellent Hi-MD Renderer, available at:
HIMDRenderer 0.54
http://www.marcnetsystem.co.uk/himdrenderer054.zip
Hi-MD Renderer even has a convenient "batch" function to lets you convert hundreds of files at a time... so you can convert your entire library overnight!