I much prefer the raw conversion of ViewNX/CaptureNX to ACR and Photoshop Elements. The Nikon software understands the Nikon NEF file properly. However, you cannot do everything you want in the Nikon software (no crop in ViewNX, no easy way to add watermark in CaptureNX)
Regards, Rob
D600, AF-S 35mm f1.8G DX, AF-S 50mm f1.8G, AF-S 24-85mm f3.5-4.5G ED VR, AF-S 70-300mm F4.5-5.6G VR, Sigma 10-20mm F4-5.6 EX DC HSM