Not sure the problem, but just in case, the check box is “no disc menus” so make sure you uncheck that box.
Note also, I’ve got it working with the team Blu tfa bonus disc. I have not tried it with this one yet. So it’s possible the format is different and causing vlc to have difficulties??

Edit: also note, I’m using VLC 2.2.4. Pretty sure it’s 64bit version – it doesn’t say, but I think i remember installing that version. And it’s installed in c:\program files\ rather than c:\program files (x86).