To the OP…
I think you are looking for k-lite codec pack? Most compliant/competant players should digest the settings transparently.
As mentioned, KMPlayer is great but has occasional hiccups for me with certain encodings (rare)
VLC should play just about everything though it is an old interface
hopefully the k-lite codec pack also works w/ WM11 since it does work w/ older WM
I use all the players mentioned above in my media center PC (+ ZoomPlayer occasionally).