I managed to compile the RAEdit to a static control. Example shows very basic usage, and requires the RAEdit class is registered before any dialogs use it - I called the install function before winmain: Invoke InstallRAEdit, hInstance, FALSE
I added a few additional functions to help load bitmaps and cursors from memory/data. Then used the masm32 bin2dbex tool to get the byte data for the few bitmaps and cursors required to store the data in the static library.
I used vortex's CreateBmpFromMem (
http://www.masmforum.com/board/index.php?topic=16267.msg134453#msg134453) for the bitmap part.