I wouldn't use ASIO in Windows 7 if you are running J River. The WASAPI event style is generally the best option, with WASAPI a close second.
As for whether to stream at the native resolution or at an up sampled one, it really depends on the USB implementation. The up sampling in J River is excellent - almost all USB DACs will sound better streamed 24 bit streams. Some sound better with up sampling done on the software side. A general rule is to do multiples (44 to 88 or 172; 48 to 96 or 192, etc). Try it out and see which sounds best. Check out Benchmark's site for info.
As for whether to stream at the native resolution or at an up sampled one, it really depends on the USB implementation. The up sampling in J River is excellent - almost all USB DACs will sound better streamed 24 bit streams. Some sound better with up sampling done on the software side. A general rule is to do multiples (44 to 88 or 172; 48 to 96 or 192, etc). Try it out and see which sounds best. Check out Benchmark's site for info.