I tried the link you supplied with Windows 7 SP1 32-bit and the latest XMPlay:
With xmp-aac.dll: plays fine, as you described
With xmp-aac.dll renamed/removed (using Microsoft AAC): plays fine
As above, but with priority given to LAV Filters AAC vs. Microsoft AAC: plays fine
So not sure why you should have an issue with it, however, could be Windows 10 update related. The bitrate really shouldn't make any difference, only the sample rate (the Windows AAC codec doesn't support AAC sample rates over 48kHz), but the latter isn't relevant in this case.
Seems to me keeping xmp-aac.dll in place is an easy workaround.