Hi Jon,
Due to the BSOD, I'd test your system's RAM and stress-test the system as a whole.
If you've got a bad stick of RAM... or a hardware issue, Sonar X1 (or any other DAW app) is going to have problems.
As was suggested, check your DPC latency. If there are large spikes, that's guaranteed to cause glitches/dropouts.
If your idle DPC latency isn't low/consistent, you'll have to run the Emu at larger ASIO buffer sizes.
If there are spikes well into the yellow/red, those will need to be addressed before you can effectively work.
Also, check to make sure all HDs are running in DMA mode. If one slipped into PIO mode, that'll absolutely kill performance.
Another thing to check: Make sure the Emu is connected to a USB 2.0 controller (not a 3.0 controller).
Most USB 3.0 controllers are provided via 3rd-party add-on controllers (not integrated into the motherboard's chipset). Using these controllers can result in poor performance... (similar to using a "rogue" chipset Firewire controller with a Firewire audio interface)