That is not how you do it.
You need to install WineASIO from WITHIN POL. If it installed with no errors, do NOT run regsvr32 wineasio.dll. That is for your system wine, not POL. POL is completely separate.
In order to run WineASIO, you need to understand how jack works. Jack server needs to be running, your audio device needs to be configured, plugged in, and powered on. If your system cannot recognize your low-latency device, then WineASIO will fail like it did.
You need to check your jack settings.
Again, if the install for WineASIO worked with no errors, it IS installed. Its a very simple "bridge", if you will, from Wine to Jack.
You also need realtime priority turned on, etc.. Pretty much, WineASIO is trivial to install, and you got no errors, so there is something wrong with your jack setup or your permissions to use RT priority, or maybe even something else. It is not dependent on any specific wine version, so that isnt an issue.
If you dont know what "rolling" means, in the context of Jack, then you need to read the tutorials on how to use it correctly. Dont worry about WineASIO yet. It certainly would have thrown an error if it failed to install. If it said nothing, its good, and your systems setup is incorrect somewhere.
You need:
-your user to be part of the "audio" group
-32 bit install of audio software (which you already did)
-real-time access via jack (read the manual for it)
-audio interface plugged in and powered on. Make sure it works WITHOUT jack/wineasio first. If your system doesnt see it, jack will not either.
-when starting jack, settings should show that it sees your interface (read the manual)
So, go back, check your jack and audio interface settings. I doubt there is an issue with wineasio, as it has very few requirements, and I have tested this like, MANY times (I just tested again on my laptop, fresh install of Arch, fresh ableton 9 install, fresh wineasio install, and it worked with no issues), so far, for me, it literally never fails, and if it does not work for whatever reason, it has been a jack problem, showing that the wineasio install is pretty much foolproof. The jack/system setup is where people get it mixed up.