PNG export will not include metadata
Open NEF files in Camera Raw > do my edits > Convert and Save Image button in top right > save / export as PNG (with ALL METADATA clearly selected)
When I do this, the file appears where I want it to (Edit folder) without metadata. DNG or JPEG alway appear to include the metadata, but the DNG's don't like to open in Window's proprietary Photos App in full resolution for some reason, and JPEGs .. I don't like lossy compression. Oh, and the DNG's won't ever appear elsewhere in the Adobe Creative Cloud or Bridge ecosystem with the edits I made. They always appear as they did when they were RAW files. This is enormously frustrating.
