OK. I'm a dummy. Never thought of looking into the Audition Users Guide. Of course there's a nice description of each of the formats. It does indeed look like Windows PCM is probably the way to go.
mp3Pro
The mp3PRO filter enables Adobe Audition to directly encode and decode .mp3 files. When you save a file to mp3 format, the audio is encoded and compressed according to the options you select. When you open an mp3 file, the audio converts into the uncompresed internal format of Adobe Audition. As a result, you can save an .mp3 file in any format.
A/mu-Law Wave
The A-Law and nu-law WAV formats are common in telephony applications. These encoding formats compress the original 16-bit audio to 8-bit audio (for a 2:1 compression ratio) with a dynamic range of about 13 bits (78dB). While A-Law and mu-Law encoded waveforms have a higher signal to noise ratio than 8-bit PCM, they also have a bit more distortion than the original 16-bit audio. Still the quality is higher than you get with some 4-bit ADPCM formats.
ACM Waveform
Microsoft ACM (Audio Compression Manager) is part of all 32-bit versions of Windows. Adobe Audition supports the ACM driver, which enables you to open and save files in a variety of formats other than those directly supported by Adobe Audition.
DVI/IMA ADPCM
The International Multimedia Association (IMA) flavor of ADPCM compresses 16-bit data to 4bits/sample (4:1) by using a different (faster) method than Microsoft ADPCM. It has different distortion characteristics, which can produce either better r worse results depending on the sample being compressed. As with Microsoft ADPCM, use this format with 16-bit rather than 8-bit files. This compression scheme can be a good alternative to MPEG; it provides reasonably fast decoding of 4:1 compression, and it degrades sample quality only slightly.
Microsoft ADPCM
The Microsoft ADPCM format provides 4:1 compression. Files saved in this format expand automatically to 16-bits when opened, regardless of their original resolution. For this reason use with 16 bit files rather than 8-bit files.
Windows PCM
The Microsoft Windows PCM format supports both mono and stereo files at a variety of resolutions and sample rates. It follows the RIFF (Resource Information File Format) specification and allows for extra user-information to be embedded and saved with the file. The WAV format reproduces digital audio by using PCM (Pulse Code Modulation)--PCM doesn't require compression and is considered a lossless format.