@nateClicks Thanks for your patience on this. I got the required information from the internal team on this.
Since “Content Aware Encoding” is a more advanced feature than AdaptiveStreaming, “Content Aware Encoding” becomes the new recommended preset.
The same information will be updated in our Azure documentation as the feedback has been shared with the document content author.
Hope this helps and clarifies the confusion.
Please Accept as answer if the provided information is helpful, so that it can help others in the community looking for help on similar topics.