### 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
std::vector<Browser::LaunchItem> launch_items;
  base::win::RegistryValueIterator hkcu_iterator(HKEY_CURRENT_USER,
                                                 keyPath.c_str());
  base::win::RegistryValueIterator hklm_iterator(HKEY_LOCAL_MACHINE,
                                                 keyPath.c_str());
  launch_items = GetLoginItemSettingsHelper(
      &hkcu_iterator, &executable_will_launch_at_login, L"user", options);
  std::vector<Browser::LaunchItem> launch_items_hklm =
      GetLoginItemSettingsHelper(&hklm_iterator,
                                 &executable_will_launch_at_login, L"machine",
                                 options);
  launch_items.insert(launch_items.end(), launch_items_hklm.begin(),
                      launch_items_hklm.end());
  settings.executable_will_launch_at_login = executable_will_launch_at_login;
  settings.launch_items = launch_items;
  return settings;
}
PCWSTR Browser::GetAppUserModelID() {
  return GetRawAppUserModelID();
}
std::string Browser::GetExecutableFileVersion() const {
  base::FilePath path;
  if (base::PathService::Get(base::FILE_EXE, &path)) {
    base::ThreadRestrictions::ScopedAllowIO allow_io;
    std::unique_ptr<FileVersionInfo> version_info = FetchFileVersionInfo();
    return base::UTF16ToUTF8(version_info->product_version());
  }
  return ELECTRON_VERSION_STRING;
}
std::string Browser::GetExecutableFileProductName() const {