Thanks for the reply, Lawrence. Given my "conversion" project, I was hoping for a quick answer, but I did some experimenting and here's what I found:
Using Apple Photos (not iCloud Photos) on my Macbook Pro, I exported a few files a few different ways:
1. Canon EOS photo, unedited, having both RAW and JPG formats imported into Photos, simple export as .JPEG
2. Canon EOS photo, edited (cropped), having both RAW and JPG formats imported into Photos, simple export as .JPEG
3. Canon EOS photo, unedited, having both RAW and JPG formats imported into Photos, export unmodified originals
4. Canon EOS photo, edited (cropped), having both RAW and JPG formats imported into Photos, export unmodified originals
5. iPhone 6 photo, unedited, having both RAW and JPG formats imported into Photos, simple export as .JPEG
6. iPhone 6 photo, edited (cropped), having both RAW and JPG formats imported into Photos, simple export as .JPEG
7. iPhone 6 photo, unedited, having both RAW and JPG formats imported into Photos, export unmodified originals
8. iPhone 6 photo, edited (cropped), having both RAW and JPG formats imported into Photos, export unmodified originals
NONE of these exports resulted in the production of an .AAE file.
So, I then went and looked at one of the .AAE files that resulted from my mass export from Photos. It was from an iPhone photo that I had apparently edited on my iPhone prior to importing it into Photos on my Mac. Now, I'm ASSUMING this - who knows if I imported it to Photos, edited it there, and my highly intelligent Apple system didn't go and copy the adjustments to my iPhone. I don't THINK so, but I don't KNOW.
To straighten it all out, I did another experiment:
1. Took a photo with my iPhone, imported it into Photos on my Mac, using Photos. Exported it as a .JPEG: No .AAE file was created.
2. Exported the unmodified original: No .AAE file.
3. Edited the photo in Photos on my Mac, then exported it as a .JPEG: No .AAE file.
4. Exported the unmodified original again: No .AAE file.
5. Checked the photo on my iPhone (connected to the same network as my Mac) and, no, the Mac edit was not transferred to the iPhone copy of the photo.
6. Took another photo with my iPhone, EDITED IT ON MY PHONE (adjusted the tilt and crop), imported it into Photos on my Mac, using Photos. Exported it as a .JPEG: No .AAE file was created.
7. Exported the unmodified original: FINALLY, an .AAE file was created. I got the original image I captured PLUS the information for the crop edit I made using my iPhone.
So, it APPEARS that these .AAE files are used to transfer non-destructive edits from one Apple device to another.
If I export a .JPEG copy of a photo I've edited in Apple Photos, I get the MODIFIED image. Edits are irreversible.
If I export the unmodified original, I get the UNMODIFIED image, and no .AAE file. Edits are UNAVAILABLE.
-- UNLESS, I check the Export IPTC as XMP checkbox at the top of the Export unmodified original dialog box, in which case, presto!, original + .AAE!
Questions still unanswered:
1. Is this for only Apple "stuff"? E.g., If I edited a photo directly on my Canon EOS prior to importing it into Apple Photos, would there be an .AAE file created for THAT edit?
2. What does other software, e.g. Adobe Lightroom, do with an Apple-created .AAE file? (I'll let you know the answer to this one as soon as I find out.)
P.S. I can't find any reference online to Adobe having created this file format. Googling ".AAE" brings up a lot of message boards with people frustrated over it, but no concrete documentation. Really sad. The only connection I can find to Adobe is their "After Effects" software, which, maybe creates .AAE (Adobe After Effects) files - which have nothing to do with this. It looks like an Apple thing. It's really too bad that Apple didn't document this information (beyond "this is not an error"). This has been a lot of time away from my photo organizing project.