Adobe Employees: View Tools Print Production Convert Colors

Question

Totally don't get your View> Tools> Print Production> Convert Colors dialog.
I would expect that if it was working that all Tagged files (left column) would display correctly.
But in every test it appears all that happens is my profiles are stripped.
Can you possibly let me know what I may be missing as no one else seems to be able to?
Here is my control .pdf download:
gballard.net/photoshop/pdi_download/PDI_Color_Profile_Test.pdf
Here is how it displays Acrobat Pro 10.1.5 (as expected):
Left column is Taggged as noted (displays proper as expected).
Right column is Untaggged as noted (displays unmanaged).

Answer 1

i had a revelation slugging this out:
Acrobat Print Production> Convert Colors behaves nothing like i expected (accurately transforming Tagged source colors to a Destination profile)
i am still interested if this is possible, but this is what i believe is happening (and it is easily proven in Photoshop on the monitor)
During Acrobat's "Convert Colors" process (using my conversion settings):
Acrobat IGNORES the profiles embedded in my RGB images.
Acrobat "Assumes" its Working RGB profile (on all Tagged/Untagged images) and then
Acrobat "Converts" everything to the Destination profile and embeds that profile.
Here are my Acrobat Color Settings (Working RGB is ProPhoto RGB):
Here is how those settings display my original .pdf:
Note: This is totally predictable and how Photoshop displays Tagged and Untagged color (Photoshop properly "Converts" or transforms Tagged color to the monitor profile; and Photoshop, like Acrobat, "Assumes" its Working space on Untagged colors).  That means the left column containing all Tagged images are displaying the same as Photoshop, and the right column of Untagged images are each uniquely different.  In fact, the Untagged ProPhoto RGB is the only Untagged image displaying proper because Acrobat made the proper Assumption.
Here are my Acrobat Convert Colors settings (my best guess for a simple Source> Destination conversion):
Here is the result using the above Working RGB and Convert Colors settings:
Note: This is crystal clear.
To prove it in Photoshop one would merely have to open each of the original 10 files and Assign ProPhoto RGB to each file, then Convert each one of them to WhackedRGB (and this is exactly what I would expect to see).
And here's the proof:
I dragged the Converted .pdf into Photoshop and "Used the embedded Profile" (Whacked RGB) to open the ProPhotoRGB image -- as you can see -- Acrobat made a proper conversion to Whacked RGB, correctly embedded the Destination profile, and is displaying it proper.
i am still really interested if Acrobat is capable of properly Converting multiple Tagged elements to a single tagged Destination profile -- i.e., my five tagged images in the left column display properly (like Photoshop displays them)...
PS: I did the exact same series of tests/screenshots using WhackedRGB as my Acrobat Working RGB -- the results were as predicted (Whacked RGB was the only source space that properly converted).