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Open up Reaper and on the left hand side double click on the blank track control panel,This will create a track then click on the fx button.Reaper will scan the program for plugins.Stereo tool will most probably not be there so you have to create a path for Reaper to access the plugin so go to Reaper "Options"(top of the screen) scroll down to "preferences"click on preferences and a box will open with all the prefernecs.
Thanks, that helped! What's happening is that I have a thread that handles (re)draw requests (it basically bundles them to avoid overloading the CPU), this thread shoots off events to do the actual drawing and then waits for a reply event. For some reason however, the first draw event never arrives in the window message loop. So the bundling thread just keeps waiting.
This request thread was added when Brian complained about a much higher CPU load, could very well be in version 054. Now I just need to figure out *why* the event doesn't arrive... That, or override it if there's no 'yes I've drawn it' event coming back for a while, if I can't find a better fix.