Hello again all,
First off, I want to thank you all for your insight and assistance with my issue.
Second, I am happy to report that I have worked out the issue. After an evening of web searching and the like, I managed to figure out how to uninstall the latest Windows 10 update and that solved my problem.
To be clear, I was only running one version of Launchbox on one hard drive, and not multiple versions on two drives. When the issue started I simply tried uninstalling the Launchbox application and reinstalling it on the different drives to see if it was a drive specific issue since I got no error messages. I also run Kaspersky antivirus, but that has never given me an issue while running Launchbox. I also use a VPN service, and thought that might have been the issue but it was not. I remember having issues with certain programs and or applications after some previous Windows updates, so I started looking into that.
The issue was specifically: Cumulative Update for Windows 10 Version 1903 for x-64 based systems (KB4512941)
I have no idea what this specific update does, but I see no noticable difference between the "before and after" performance of my laptop, so I figure I am good with it until something happens. Not to mention, with the use of a VPN and decent Antivirus service I should be plenty safe for the time being. Hopefully this will provide some others on here some assistance.
It is relatively easy to uninstal Windows 10 updates back to a certain point, I just am not advocating that others do this without making that decision for themselves and understand the potential risks that may occur if they do this.
Lastly, hopefully the Launchbox staff can take a look at the above mentioned update and see what may (or may not) be the reason behind the issue I experienced.
Now, I have some serious gaming to back to!