I have a cheap 5w HLLY transmitter with RDS working flawlessly, scrolling text and all. No modification was required. I guess this can work with any transmitter.
Kage, I am running 2 instances of Stereo Tool. 7.50 for audio processing and 5.02 to handle the RDS. 5.02 has a much simpler interface and is easier to figure out. In 5.02 I have the RDS Volume turned all the way down to 0.50%. I can't hear the pilot tone. I use a dummy input (muted mic from my webcam) and output to the same sound card outputting the processed audio. Windows volume level set to 72.
Use a bat or cmd file so they don't conflict:
set USERPROFILE=C:\Second\ "C:\Program Files (x86)\Stereo Tool 2\StereoTool.exe"
I can hear artifacts inside the "studio" aka living room when RDS is enabled. There's a sort of pulsating electronics sound. But outside the studio - dead air is just dead air. No weird sounds. No buzzing, no nothing. Except text that displays instantly.
Apologies as my reply was somewhat rushed. The command is to run a second instance of stereo tool so that the configurations don't conflict with each other. You can create a .bat or .cmd file with the above lines. I use task scheduler to automatically launch them and run them hidden from view.