I just created a project in MC7 w/ two audio tracks. Added Mixstrip effects to both tracks. Saved and opened the project in SONAR without error. I see the Mixstrip effects appear as FX Chain effects in SONAR. Then I modified the project in SONAR saved and re-opened in MC7 without error. I have a few ProChannel modules which are added by default in SONAR, these now appear in the project in MC7. While I would expect them to all to fail in MC7, the Console Emulator still works. The Tape Sim does not. The PC EQ seems to switch smoothly between SONAR and MC7.
In short, the project apears to move between both products without throwing error messages.
Was either product purchased from Steam?
Are both SONAR and MC7 patched up to date?
Check the bottom of the About screens.
SONAR should show 21.03.00 build 20 x64
MC7 should show 21.00.01 build 33 x64
Since you have Platinum, you are entitled to telephone support. I would recommend calling Cakewalk tech support. What you are experiencing is unusual. I cannot replicate it.