After speaking to Phil Slopak at Cakewalk Tech Support, he had me check a few Windows settings and then make two important tweaks:
1. In Preferences, Under Audio/Sync and Caching/File System
He had me set both Playback I/O and Record I/O to 1024 (the default is 256)
2. He had me delete the AUD.INI file in the Platinum Folder (I don't remember the exact location of that file sadly)
After restarting the PC and opening Sonar Platinum I noticed one major change. My performance meter now showed 7 individual meters instead of one giant block of a meter. I never noticed that before and it might have been some holdover corruption from updates over the years...
I resumed work on a plugin and track intense project with no crashes or problems for 8 hours.
I'm not sure which tweak fixed the problem but I am guessing a lot of both....
The only new issue is that the snap to function in Midi and track editing is unpredictable...(I'm guessing a preference got blown out with the .ini file) but I can live with that!
Kudos and a huge thanks to Phil and Cakewalk!
ps I was telling Phil that this was my 1st time calling Tech Support in my 15 years using Cake products!