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The zip file doesn't contain the library per se, but (if it's the same
one that I have for download) looks like it contains all the files needed
to create it.
Try running flbuild.exe
In the File dropdown looks like there's an option to build the lib for QB 4.5
Never did use this lib although new the author and others said it was great,
be sure to unzip it with the subdirectories being recreated so it can find
the files correctly.
Make sure you set QB's library paths to the right directory also. It should be under options/set paths. It's been a while, but that should be the way it is.