Maybe you are right. I don't understand. I know that PM recognizes NEF from the D700. However, my question is if it also will recognize the in camera settings (presets) of the camera? Can these be exported to jpegs with the same settings?
Photo Mechanic's main purpose is not to be a RAW converter. In fact it has no capabilities whatsoever to make adjustments to RAW data to then produce a TIFF or a JPEG. The RAW rendering that it does do for older cameras is to use Apple's ImageIO rendering of the camera's as-shot settings. In the case of the D700 NEF file, it already has a full resolution JPEG embedded into it and Photo Mechanic can extract that embedded JPEG out to a standalone JPEG file with absolutely no loss in quality. The "Extract JPEG Previews from RAW photos..." command on the Tools menu does this and it does it very quickly.
Because modern cameras are putting better quality JPEG previews in their RAW files we have made a change for version 4.6 to allow RAW files to do a Save As operation even if support for rendering that file version is not available. The embedded JPEG data is used as the source data. Version 4.6 is still in development at this time.
So if all you're wanting is to get JPEGs out of your D700 NEF files and you want them to look just like they do everywhere in Photo Mechanic, then use the "Extract JPEG Previews from RAW photos..." command on the Tools menu. Just select all of the images before you choose the command, and seconds later you'll have your result.
HTH,
-Kirk