Had the same exact symptoms, but a different solution. By using Process
Monitor (as you suggested) I found out I was missing the following
keys:Windows Registry Editor Version 5.00
[HKEY_CLASSES_ROOT\CLSID\{000C101C-0000-0000-C000-000000000046}] @="Msi
install server" "AppId"="{000C101C-0000-0000-C0...
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