Having a problem with SCORM package in Moodle. After uploading .zip file, Moodle recognizes manifest and shows modules, but when attempting to launch the course, Moodle says "Sorry, the requested file could not be found". I have not had any success yet uploading SCORM to Moodle. Is there a setting in Courselab I am missing? When packaged as a CD, everything works great.

I did not have this problem. I imported mine into Moodle (1.8.3) and both modules played fine. I packaged them for SCORM 1.2.

This is going to be a Moodle or eben an IE problem.
You should check to see that the zip has been unpacked properly. You can do this when uploading the zipped modules and while doing this make sure that you do point the course at the correct starter file.
If the unpacking is good and moodle does this with everything you import then you'll need to check the moodledata directory has write access enabled for the IUSR user, this is in the extended permisions set up.