Hi Mike,
You didn't mention what version of Sonar you are using but it sounds like X2.
X2 does a much better job of discriminating between 32/64 bit plug-ins but still has issues.
The problem is this case is that Cakewalk's VST scanner has assigned the both versions of Valhalla the same CLSID # (the main way Sonar uses to differentiate plug-ins) and when this happens Cakewalk's plug-in manager only shows one of them.

With X2 the **64 bit version shows (at least in the cases I've bothered checking) but in previous versions of Sonar it could refer to either the 32 bit or 64 bit version - it probably had to do with which appears first or last in the registry but for all intents and purposes it appears to be random.
**edit & correction - see image below
There are 2 ways to deal with this.
- Eliminate one of the plug-ins (prevent the scanner from seeing it) by using one of techniques mentioned previously in this thread.
I consider this cleanest way of handling the 32/64 plug-in issue and if you have a lot of plug-ins this will help keep you from hitting the maximum plug-in number limitation as quickly. - Use a 3rd party tool (such a *MenuMagic). *disclosure -MenuMagic is my retail creation and this is one of the things it can do.
If you need to/want to be able to choose between using with the 32 bit or 64 bit version of a plug-in (or don't want to bother having to separate them) then you need to use this option.
...Steven