I have just tried compiling a patched version of the kernel today, I have had no problems with any kernels (2.4.23, 2.4.22, 2.4.21, 2.4.20) kernels. I have tried a Redhat 8.0 and a 7.3 machine. The kernel compiles fine without the patch.
I am using, make dep, make bzImage -j2
Reading specs from /usr/lib/gcc-lib/i386-redhat-linux/3.2.2/specs
Configured with: ../configure --prefix=/usr --mandir=/usr/share/man --infodir=/usr/share/info --enable-shared --enable-threads=posix --disable-checking --with-system-zlib --enable-__cxa_atexit --host=i386-redhat-linux
Thread model: posix
gcc version 3.2.2 20030222 (Red Hat Linux 3.2.2-5)
[root@scsi3 linux-2.4.24]# gcc -v
Reading specs from /usr/lib/gcc-lib/i386-redhat-linux/2.96/specs
gcc version 2.96 20000731 (Red Hat Linux 7.3 2.96-113)
ld -m elf_i386 -T /usr/src/linux-2.4.24/arch/i386/vmlinux.lds -e stext arch/i386/kernel/head.o arch/i386/kernel/init_task.o init/main.o init/version.o init/do_mounts.o \
--start-group \
arch/i386/kernel/kernel.o arch/i386/mm/mm.o kernel/kernel.o mm/mm.o fs/fs.o ipc/ipc.o \
drivers/char/char.o drivers/block/block.o drivers/misc/misc.o drivers/net/net.o drivers/char/drm/drm.o drivers/ide/idedriver.o drivers/cdrom/driver.o drivers/pci/driver.o drivers/pcmcia/pcmcia.o drivers/net/pcmcia/pcmcia_net.o drivers/pnp/pnp.o drivers/video/video.o drivers/media/media.o crypto/crypto.o \
net/network.o \
grsecurity/grsec.o \
/usr/src/linux-2.4.24/arch/i386/lib/lib.a /usr/src/linux-2.4.24/lib/lib.a /usr/src/linux-2.4.24/arch/i386/lib/lib.a \
--end-group \
-o vmlinux
/usr/src/linux-2.4.24/arch/i386/vmlinux.lds:94 invalid assignment to location counter