Looking at your Latencymon screen dump, I see lots of hard pagefaults. According to the Latencymon web page:
Is there anything else running that could be consuming large amounts of RAM? Is your PC correctly reporting the amount of installed RAM?About hard pagefaults
Windows uses a concept of virtual memory which relies on the page translation system provided by the CPU. Whenever a memory address is requested which is not available in physical memory (not resident), an INT 14 will occur. The OS provided INT 14 handler will decide how to proceed next. If the page in which the address resides is known to Windows but not resident, Windows will read in the required page from the page file. That is known as a hard pagefault and can take a lot of time to complete. If the page can be read in from the hard disk cache, the price will be limited. However if it needs to physically read in the data from disk sectors this takes a lot of time. If an audio program hits a hard pagefault while it is playing it will almost certainly have audible consequences recognized as dropouts, clicks or pops.
Hard pagefaults are a very common but often overlooked cause of audio dropouts, clicks and pops. They especially occur often with audio software that uses a lot of memory such as samplers. Solutions for avoiding hard pagefaults are increasing the working set of the audio application, increasing the amount of RAM or disabling the pagefile altogether. Note that if you disable the pagefile, the system may run "out of memory" because it does not have the pagefile available to swap memory to. Also the system will no longer create crash dump files in case of a system crash.
If you have antivirus software running, try disabling it temporarily. Might be wise to remove the PC from the internet while doing so.
If you are using wireless lan, try disabling that as well.