UPDATE: Based on your response, I checked to see what (if any) third party audio software might be running in the background. There was Realtek audio software running, so I checked that to make sure it wasn't doing any audio effects (...like reverb, etc, which I was fairly sure it wasn't). Although there was no 'effects' activated, I did notice that there was noise suppression, which I then turned off.
I noticed, too, that there was a level for both Mic Level and Mic Boost. I wasn't sure what configuration I should have on those (levels for each), but looking at it, it seemed 'wrong' that the Mic level was set very low (35) and the boost was at +20. It seemed maybe the Mic level should be high, and the boost then added if needed. So, I changed it to Mic level 100, and a boost of 10 (down from the original 20). VoiceAttack doesn't seem to be complaining about it being too loud, so I think those levels should be good.
I did another quick test, and it seems my custom test commands that I set up are now working much more reliably... probably because of the noise reduction being off now... and possibly being helped too by the change in the Mic/Boost levels (....less noise?).
I'm going to tinker with this a bit more, just to verify things are working reliably enough... but so far, it's a big improvement in consistancy. Thanks for the tips, Gary. Much appreciated!
If all is well, I'm buying VoiceAttack today.