D3D/EAX is selectable with ALchemy (https://i.imgur.com/i2aZznZ.mp4) and in XP:

DSOAL just virtualizes stereo/mono which are the only available audio modes (https://i.imgur.com/dmIAZD1.mp4).
Notice RightMark 3D Sound works with DSOAL in the same folder, I also tried a bunch of older DSOAL versions including the XP fork without luck.
Perhaps DSOAL is just missing something that ALchemy does to expose D3D/EAX compatibility, or maybe I'm just missing something here 🤔
The same happens with the full game, but the free demo is available here: https://archive.org/download/nfshotpurs2/setup_US.exe