Thank you very much!
With this, it still gives me the Audio I/O error but it doesn't crash the audio anymore, there is no memory allocation error anymore and everything seems to work fine now.
Would like to know why it's still claiming an audio error.
Edit:
Memory error occured again, audio crash happened again.
F*ck.
Posting again when I managed to fix something.

I have a similar case here.
It gives me the Audio In / Out Error but PD still outputs simple sounds.
With a more complex PD sketch the sound starts to crack and PD spits out tons of lines with the memory allocation error, which are only for the "input" in my case. From that point the sound doesnt work at all anymore, even after I ./reset_Path for the Wolfson Card and set it up again.
When I try to play a song in the Music Player it just closes down.
After a reboot everything works again, until I restart the PD patch.
Going to debug my PD sketch. Without the Wolfson it always worked fine, except for the low Sound Quality the Raspi has without it, so I think if there is a way to fix the Audio I/O error that occurs even though audio works in the beginning, it could be working..
Is there a known solution already?