Are you using the english version? If so, you must not flag the box, aka leave it unchecked (if I remember correctly, but it is written there in the installation box). Only check it if you are using the non english one.
But that's not a big problem, there are two batch files in the DLV_ext folder, called adapt_sound_english and adapt_sound_nonenglish. Try running the one that applies to your version, it also automatically deletes all the other files that are generated on startup and could cause a problem.
If that doesn't help I'd try to reinstall instead of searching for an error, it's definitly faster.
Edit: If there's no system log in the dir the game crashes even before it can create this error report.