Thanks Lotesdelere,
I tried disabling the "Audio Resampler" and you are correct. After disabling the audio resampler, the response flattens all the way to 22.05kHz. But something different happened when I returned the audio resampler to "Automatic." The frequency response again rolled off but now at a much higher frequency and a steeper rolloff rate. The -3dB point is now 21.2kHz. I would suspect there's a default configuration for this audio resampler (or the digital filter used) that is misconfigured at installation of VLC and the act of disabling and then returning it to automatic configures the filter more correctly for 44.1kHz sampled data. I've closed VLC and reopened it several times and played some different files and this audio resampling configuration appears to be stuck. On the Mac version of VLC this rolloff seems to be about 19.6kHz and does not move even when disabling the audio resampler nor will playing the FLAC file with Firefox or Audacity change this rolloff. On Windows, Audacity does not filter this way and neither does Mozilla Firefox. But... Having the resampler may make VLC more capatible with many different file formats and hardware and as long as the filter would remain as it's currently functioning at 96% of Nyquist this will work fine. It would be nice to get this function by default though.