Check voice in both directions
In Zoom Settings → Audio, choose your microphone and headphones. Use Test speaker and Test microphone to hear the tone and your recorded voice. In the call, ask your friend to say a short sentence and confirm they can hear yours. Select audio devices in the calling app even if you already chose a camera.
The studio's Record microphone option only adds your voice to clips recorded here. You can leave it off when you do not need a studio clip. It does not set the call microphone, send the OBS mix or change your voice.