Hi, I'm actually in a similar situation.
The jack works fine when using the headset that came with the laptop (there's a popup where you just have to check "headset".)
I would like to use a lapel mic (which came with my 2012 ROG laptop,) but there isn't a "line in" or "microphone" option, and "headset" doesn't work.
I was considering buying a splitter like yours but after reading about your experience with it I'm afraid it won't work either...