>> which I believe is supposed to preserve the current resolution.
It is.
A couple of things to check:
In the past, if you had an empty content or picture placeholder on the slide when you inserted a picture, the picture would drop in to the placeholder AND would be compressed, regardless of your compression settings. This unwanted compression seems to have
been corrected in the most recent version/update of 2016, at least. To be sure you have this:
- Start a new presentation (blank is fine)
- Add a new title & content slide
- Reduce the content placeholder to a small size
- Add a picture to it
- Now enlarge the placeholder
Does the picture become blurry? If so, you might want to force an update and try again. If not, we've eliminated one possible cause.
PPT's compression settings don't affect the compression that Adobe Acrobat's PDF printer driver applies. Try using PPT's own File | Save As | Save as type: PDF and be sure to choose the "Standard (publishing ...)" option.
How does that compare with the result from Acrobat?
I find PPT's PDF save feature to be WAY faster than Acrobat's and generally prefer the result, but there are times when you need the extra control that Acrobat gives you. If so, yell. One of us will explain how to make it happen.