The
answer that Lia posted a little over two years ago (look just above your post, if that link doesn't work for you) explains the reason for the problems getting VST to work.
The quick answer is that the VST was created well over a decade ago, and it just won't work on the technologies we have now.
Since it was never officially supported by LDW, I doubt it will ever be updated. Too bad, though, because it was really a nice utility.
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