Sorry, here is the right log file, DynDOLOD.log: https://pastebin.com/19PsUGFx
Here is a screenshot of the MO2 folder structure as you requested. Everything seems to match what you're describing.
As far as I can tell, all the folders are configured correctly. As mentioned earlier, using DynDOLOD DLL SE with the exact same setup works fine, as you can see here. The only difference between these two attempts is I swapped DynDOLOD DLL NG with DynDOLOD DLL SE, everything else is using the same settings across all applications.
Thank you for your patience.