in reply to Pattern Match / Replace without s/

I doubt that InstallAnywhere will give you the full power of perl regular expressions. Since you know the exact line you want, why not just replace it literally?
Search For: bla.bla.bla = SomeWindows/Path With/Spaces In/It Replace With: bla.bla.bla = SomeWindows/Path\ With/Spaces\ In/It
You might need to double the "\" characters.