Thanks for the replies guys. I've had a pretty busy week and haven't had time to get back to this.
Basically, in the drop down menu, I wasn't able to change the value to 44.1k or 24bit. However, I am able to do it through the Focusrite interface software. After that windows does indeed seem to retain these settings.
I guess I was more just wondering how these two settings relate to each other. I'm under the impression that only Sonar will be using ASIO and therefor the driver settings. Not a huge deal, was just curious.