In general AP is both water and oil soluble on it a excellent emulsifier. ether case dissolve the AP in water or oil medium first then proceed the further step. infact i dont know what formulation are you trying. however AP will not give issues during formulation based on my experience. the settling might be a impurity part of the AP. also what is the 30% emulsifier? it looks very high.
Ascorbyl palmitate is practically insoluble in water and has limited solubility in oil (about 1.8 - 2.2 mg/g). To formulate, you need to establish quantity required for the application. Why you want to make an emulsion? what is the application?