Thanks to Michael Smith, Creative Labs Technical Support, here are the correct set of drivers and installation notes for the SB16MCD model CT1750 and Sony CDU33A-01. Please note the all important fact the /B xxx switch must be 10h above the base address of the sound card. ex base address=220h, then use /B 230.
Self-extracts to C \INSTALL\SB16 and SB16SONY. Run the SETUPSB.exe for the SB16 card interface.