Soundfonts are a combination of a text-based SFZ (or SF2) file and sample library; the text file contains opcodes that tell the player how to use the samples and respond to controllers. Dimension, Rapture and Session Drummer are all SFZ-based; it's still a totally viable soft synth technology. I use the old SFZ player and the free Sforzando player regularly. They work just fine in Platinum.
I would second the recommendation to raise the Prepare Using Buffer. Since X1, the default has been 250ms which is too low in a lot of cases. The old default of 500ms should do the trick.