Starting with playback options the output is Core Audio, no difference selecting Null. The output settings shows the Audiophilleo device, then the buffer size has the default Hardware setting, no difference using the other settings. Open device with exclusive access is checked.
DSP and output format, just checked the output box, then selected 2 channel stereo, and no up mixing and down mixing. Other settings are play silence at startup = 2 seconds, checked box to playback from memory, makes no difference playing back from disc, and checked box to disable display from turning off.
Track changes settings are standard gapped = .5s. Checked boxes for do not play silence and use gapless. For other settings disabled volume and checked the box for volume protection.
For encoding selected AIFF. I only play AIFF files so no other file formats to try. I do not believe I configured anything else. Hope this helps.