Could try that. First move the existing RXP folder out of the way.
The default location for a 64bit install is "C:\Program Files\Cakewalk\Vstplugins\RXP"
For 32bit install "C:\Program Files (x86)\Cakewalk\Vstplugins\RXP"
Use either the advanced install option with X3 and select the plug-in or reinstall the "Platinum Instrument Collection"
If that fails, try running SONAR as administrator, although it should not be necessary. The plug-in should run OK without elevated privileges.