Hello!
Have been searching for this problem, but haven't found the answer so I thought I'll try to ask it here.
I buy a lot of audiobooks, and prefer to have them in m4b (aac) format due to the chapter support and audio quality.
I have some problems on my Sansa Clip+ and aac, though.
When I batch convert files, I usually use Audials, and the resulting files works on Rockbox, but if I remux it through Chapter & Verse to add chapters and metadata, the files stop working on my Sansa. Likewise if I convert directly through C&V (it shouldn't have anything to do with the converting due to the fact that C&V uses iTunes for converting. So there must be something about stream- och metadata that Rockbox doesn't like. (The files do work on the computer & my android player)).