Thanks for the info, but I’m not sure if it is solely compression issue. If you take that same file from my import steps, and import it into Wwise to apply compression there, you can get the file to be smaller than you could in UE, and it still sounds like the file being played in VLC.
This is not an audiophile post, where someone is complaining about something that can’t be heard by 99.9 % of the population. I’ve shown this issue to people who know nothing about audio, and they can easily spot the high end being rolled off.
It would be good to have someone look at this issue, because it may be some setting where UE is doing something weird under the hood.