Dear @bnwflix
I understand what the situation is, in Soundtap the audio is recorded from a filter installed in your system, so that means that the same audio that is being send to your speakers is being captured digitally by the filter and ends up being recorded in Soundtap; but Wavepad does not have that characteristic, so most likely you are recording what your speakers are playing through a microphone built-in or external, which is most of the cases will not be able to capture the sound exactly as it is being played by the speakers.
By saying that, I will recommend you to use Soundtap for your online streams or if you want to record whatever is being played through your speakers. And Wavepad for editions and recording but from a microphone.
Regards,