Howdy,
My friend was recording an event straight from a mixer and saved the show as Hi-Res WAV (32Bits 96kHz). He made a little mistake by merging the left and right channels so the file is in mono, but this shouldn't really be an issue.
When I tried to play the file in Wacup, the sound was distorted and had a lot of clipping. He was a little panicked at first thinking the entire recording was messed up. I then tried to play the same file in Winamp and the sound was in fact ok and played well.
I'm a bit confused as to what's happening here since I use the same output plugin in Winamp and Wacup (AudioBurst FX). They also both share the same settings. Here's the resampler settings (both identical in Wacup and Winamp):

I have also noticed that the Spectrum Analyzer shows a much more satured waveform in Wacup compared to Winamp as illustrated below:
Wacup

Winamp

Note that this is the exact same file playing, locally (not on my NAS).
Any idea what's going on here?
Thanks!
Edit: Tested with other output plugins Not So Direct and Not So YASAPI, same result.