Adobe RGB is a much bigger colour space and therefore the correct choice for capture.
For processing, I use ProPhoto RGB (larger than ARGB). For the web, you then need to convert to sRGB. Most printers will automatically scale your colourspace - but softproofing allows you to choose how you want it scaled. I'm not at all familiar with ACDSee so I've no idea exactly what question it is asking.
If that all makes sense to you, great. If it doesn't, you have 2 choices - blind trust in a stranger or thorough research. luminous-landscape.com has some excellent articles by Michael Riechmann and Jeff Schewe on topics such as this.