I now think my problem is solved (I've only tested it briefly).
Apparently, I need to deactivate/activate Live's audio engine
by clicking in the CPU load meter every time I change the buffer size in
preferences. It turns out that, with my setup, the buffer size doesn't update
automatically when typing it in, in stead I get massive dropouts/glitches. Only when first deactivating and then activating the audio engine after changing the
buffer size the update is done.
As said, I've only tested this briefly but it seem to work.
While having trouble with Live 9 I went back to Reason 6, where I started a couple of small projects. In one of my previous blog post I wrote that, since I already have Cubase and Live I might uninstall Reason. Well, working with these projects have totally changed my view in that respect. Propellerhead's Reason is here to stay. I can't explain it, but very often wen I open Reason I get something done. Something exciting and rewarding. It's like when playing in a band, and after your solo, a fill, or something, your band mates is nodding their head your way, as to say: very clever - good job!
Basically, what this means, is that I will continue to send my money to Germany and Sweden on every occasion they do something they can charge me for. I'm happy with that.