Okay, but was definitely worth a shot.
The version of mpv does not need to be installed. It can be used as a portable program. I´ll explain how to later.
Well, that’s probably the nature of windows software or software for PC in general, not specially related to plex. Not every PC is equal and hardware configurations vary widely, so “bugs” or “does not work” situations are to be expected.
The dll thing is just for testing and diagnosis. Other media apps have different problems 
Exactly! Hit the windows key, type cmd and hit enter. A black window with a blinking cursor should be visible.
With run I mean to execute the command I have in my post. mpv.com file.mkv -v but if you type just that it will probably not work… So let’s do it the simple way. Open the folder with the unzipped mpv download and drag the window to the left of your screen, then open the terminal as described above and snap it to the right side of your screen. You should now have two windows in front of you. In the left one, the unzipped mpv folder, you should see a file called mpv.com, drag it into the terminal. Like you would with a basic file, that you want to copy to a different location. Please hit the space bar once, so that there is a “space” between mpv.com and the next command.
In the terminal, you now should see the path with mpv.com at the end. Then take the music file you want to play, and drag it into the terminal, after that hit space and type -v if done, hit the “enter” key. A window should open and ideally, you should hear the music. If this is the case, we know mpv is able to play your file on your PC… From that position, we can continue to add commands behind the -v to achieve the settings from Plex. If we know what settings break it, we can simply make an mpv.conf with the necessary parameter changed and fix your problem with that! Isn´t that cool? With other media apps, you are likely stuck with “does not work” and no way to fix it yourself…
I can understand your anger but we as a community will find a way! 
(The problem with why its not working is probably the optical spdif)
I hope my guide is clear this time, sorry for not being precise the first time. It’s quite difficult to assess how skilled users are. If the guide is not clear, let me know! 