If you shoot with a camera like the Canon R5 or R6 then you may have realized that there are not any camera specific profiles for those cameras (just the generic Adobe profiles). There’s always a caveat, isn’t there? What if LrC doesn’t have any camera specific profiles that correspond to the in-camera picture style? In that case it defaults back to apply Adobe Color as the profile. So, if you deliberately set your camera to shoot using the Standard picture style, then on import the only difference you would see is that LrC set the profile for all raw photos to Camera Standard instead of Adobe Color. The one distinction with this setting is that LrC attempts to discern the in-camera picture style you choose when shooting and then apply its own version of the raw profile that corresponds to that picture style. When you choose Camera Settings it uses all the same settings as the Adobe Default, so no huge changes in your settings if you’ve never configured anything before. You can get super specific and detailed in your Raw Default if that suits your needs, but an easy way to test drive the feature is to configure it to Camera Settings.

I love encouraging people to consider customizing their Raw Default for Lightroom Classic (LrC) and Camera Raw because it allows you to start post-processing right from the moment you import without having to configure anything specific to that import job.

Adobe camera raw vs lightroom