It was the Ownership issue that was blocking the access. Once I turned off the default MS "Simple File Sharing" and followed the steps to "Take Ownership", although I was already logged on as Administrator, apparently this function became an issue with the newest version of LW. As a user of LW Pro, I was able to send LW Tech support the question, too, after exploring the forums. I haven't gotten an answer back from them, yet, but I will tell them you deserve kudos for unravelling the mystery.
I will have to do some further research to make sure that I have the same permissions set on all folders, using the "Apply To All folders" option in "View".
Lords usually don't need a reward, but if it's in my collection of a terabyte of tunes, it's yours. Send PM.

TYVM.
"One Of Many"