Grant read access to the following server files:

%windir%\system32\PERFCxxx.DAT
%windir%\system32\PERFHxxx.DAT

where xxx is the basic language ID for the system, 009 for English
(subtract 400 from HKEY_USERS\<SID of local server user>\Control Panel\International\Locale).
If the files are missing or corrupt, expand them from the cd.

Using REGEDT32, give the user at least READ access to:

HKEY_LOCAL_MACHINE\Software\Microsoft\Windows NT\CurrentVersion\Perflib and all its' sub keys and to

HKEY_LOCAL_MACHINE\System\CurrentControlSet\Control\SecurePipeServers\winreg

When adding objects to monitor, the user can select the \\Server.