I'd personally go with the second option: install the latest version without Sonic Ripping/Burning support. The Sonic engine is notorious for causing conflicts with other Sonic software.
Note that without Sonic Ripping/Burning support, you'll still be able to rip CDs using the ASPI Layer instead (info
). You'd only miss the burning feature.
You could indeed try an older Winamp version that has an older version of the Sonic engine, but there's still a chance that that old version will conflict with the Roxio software as well.
Winamp 5.24 uses an older version of the Sonic engine, I think Rocker suggested that maybe you were using that (or an older) version previously (when it worked fine).
(btw, 5.24 is available on winampheaven.net: