Hi Lynn,
Unfortunately it is not as straight forward as which is the ‘correct’ setting for colour management. 😕
Also…it is not a simple explanation! It can depend on a number of aspects such as input profile attached to image and the use for the desired output.
I would say as a rough rule though I would use Pre-Press Europe for printing photographic images.
You could always do a test by nesting together several versions of the same file-allocating different colour management presets to each and then printing them to see the differences.
Hope you get it sussed!
All the best
Joe