Hi
There is no right or wrong with relation to "as stored" or "latest" configuration, it all depends on your requirements.
You just need to understand the difference.
If we use a simple assembly with two parts as an example, and you want to download this assembly to your workspace.
When retriving the "as stored" configuration of the assembly, the system will download the iteration for the two parts that where used (current) when the assembly was last checked in.
When using the "latest" configuration, the system will download the latest iteration of each part, and not care about what part iterations where used (current) when the assembly was checked in.
I would guess that most (if not all) Windchill users here use "latest" as the default configuration, at least during the design process.
Hugo