### Preflight Checklist

- [X] I have read the [Contributing Guidelines](https://github.com/electron/electron/blob/main/CONTRIBUTING.md) for this project.
- [X] I agree to follow the [Code of Conduct](https://github.com/electron/electron/blob/main/CODE_OF_CONDUCT.md) that this project adheres to.
- [X] I have searched the [issue tracker](https://www.github.com/electron/electron/issues) for a bug report that matches the one I want to file, without success.

### Electron Version

16.0.7

### What operating system are you using?

Windows

### Operating System Version

Windows 10 Build 19043

### What arch are you using?

x64

### Last Known Working Electron version

13.1.2

### Expected Behavior

`app.setAsDefaultProtocolClient(protocol, process.execPath, [path.resolve(process.argv[1]), '--arg']);`
to work as expected.

### Actual Behavior

electron will put quotes around the entire list of arguments instead of each individually (if necessary), so the generated command is something like

"C:\example\node_modules\electron\dist\electron.exe" "c:\example --arg" "%1"

which then leads to an error "Unable to find Electron app at c:\example --args".

### Testcase Gist URL

!!! Please note that by the nature of setAsDefaultProtocolClient this testcase will make a systemwide setting!

https://gist.github.com/a1f2fdbe04624b6f7a6877a89581143c

### Additional Information

This was almost certainly introduced by the "fix" for https://github.com/electron/electron/issues/32141
shell/browser/browser_win.cc
if (result == ERROR_SUCCESS) {
            if (type == REG_BINARY) {
              
              
              wchar_t binary_accepted[12] = {0x00, 0x00, 0x00, 0x00,
                                             0x00, 0x00, 0x00, 0x00,
                                             0x00, 0x00, 0x00, 0x00};
              wchar_t binary_accepted_alt[12] = {0x02, 0x00, 0x00, 0x00,
                                                 0x00, 0x00, 0x00, 0x00,
                                                 0x00, 0x00, 0x00, 0x00};
              std::string reg_binary(reinterpret_cast<char*>(binary_accepted));
              std::string reg_binary_alt(
                  reinterpret_cast<char*>(binary_accepted_alt));
              std::string reg_startup_binary(
                  reinterpret_cast<char*>(startup_binary));
              launch_item.enabled = (reg_startup_binary == reg_binary) ||
                                    (reg_startup_binary == reg_binary_alt);
            }
          }
        }
        *executable_will_launch_at_login =
            *executable_will_launch_at_login || launch_item.enabled;
        launch_items.push_back(launch_item);
      }
      it->operator++();
    }
  }
  return launch_items;
}
std::unique_ptr<FileVersionInfo> FetchFileVersionInfo() {