If I have an OGG with loop points, will ACE utilize them?

To clarify, if I were to have an ogg file with built in loop points, would RPG Maker VX ACE recognize the loop points and loop the song appropriately?

Yup :) provided LOOPLENGTH and LOOPSTART and their values are embedded in the metadata.

(Unless there's another way to do it that I haven't heard of. )

I must be doing something wrong. This is my first attempt at using loop points. In Fruity Loops it loops properly. But once it is in RPG Maker, it does not.

Also, your avatar and name. Got some Twin Peaks love there.

You'll need to do it within audacity, which is a free program to download.

Here's a step by step to show you how to do it:

http://forums.rpgmakerweb.com/index.php?/topic/9251-how-to-make-looping-music-the-right-way/