You can use SAF and cyberlinks directshow codecs together.
Just install PowerDVD on any PC and copy videofilter folder (For PowerDVD9 it's under C:\Program Files\CyberLink\PowerDVD9\VideoFilter) and its content to any place on MP PC (ie. c:\Videofilter).
Call regedit and export HKEY_LOCAL_MACHINE\SOFTWARE\CyberLink from PowerDVD PC registry and import it on MP PC.
Finally call cmd and go to folder c:\Videofilter on MP PC (cd c:\Videofilter) and register both codecs:
regsvr32 cl264dec.ax
regsvr32 CLVsd.ax
Now you can select both codecs inside MP Configuration.
It works for me with PowerDVD8 and 9 and I can use SAF too (even reinstall without complaining).
Thanks Slurm. I was having major trouble getting this to work, until I exported and imported the registry settings.